Bank of Hebei Co. Ltd. raised 2.5 billion yuan via an issuance of green bonds.

The three-year notes were priced with an interest rate of 4.30%, according to company release.

The bonds were issued Sept. 6.

Proceeds from the issuance will be used to support clean energy and environmental protection projects.

As of Oct. 8, US$1 was equivalent to 6.93 Chinese yuan.