latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/industrial-bank-hong-kong-branch-issues-hk-3b-covid-19-bonds-us-450m-blue-bonds-61046441 content esgSubNav
In This List

Industrial Bank Hong Kong branch issues HK$3B COVID-19 bonds, US$450M blue bonds

Blog

Spotlight on sustainability How banks can overcome the challenges of achieving Net zero by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Industrial Bank Hong Kong branch issues HK$3B COVID-19 bonds, US$450M blue bonds

Industrial Bank Co. Ltd.'s Hong Kong branch issued HK$3 billion of two-year COVID-19 resilience bonds and US$450 million of three-year blue bonds under its US$5 billion medium-term note program.

The senior unsecured COVID-19 bonds carry a coupon rate of 1.100% and will mature Nov. 6, 2022. The bank will use the proceeds from the issuance to finance or refinance loans of small and medium-sized enterprises, or loans intended to enable resilience against pandemics, according to a Nov. 2 release.

Meanwhile, the senior unsecured blue bonds carry a coupon of 1.125% and will mature Nov. 6, 2023. The bank will use the proceeds from the issuance to finance or refinance eligible green assets which are water- and marine-related.

Industrial Bank Co. Ltd. Hong Kong branch, Agricultural Bank of China Ltd. Hong Kong branch, Bank of China, Bank of Communications, China Industrial Securities International, China Minsheng Banking Corp. Ltd. Hong Kong branch, Chiyu Banking Corp. Ltd., Citigroup, CMB Wing Lung Bank Ltd., and Crédit Agricole CIB are the joint global coordinators, joint lead managers and joint bookrunners for the issuances.