Summary
[Postal Savings Bank underwrites the nation’s first sustainable development-linked debt financing plan]On July 28, China Postal Savings Bank successfully underwritten the 2021 third-phase debt financing plan of Shanxi International Power Group Co., Ltd. on the Beijing Financial Assets Exchange, scale 5 100 million yuan, with a period of 1+1+1 years. According to the Beijing Financial Assets Exchange, this product is the country’s first sustainable development-linked debt financing plan, and it has made useful explorations for finance to help carbon peak and carbon neutrality.
July 28th, China Postal SavingsBankSuccessfully underwritten the third-phase debt financing plan of Shanxi International Power Group Co., Ltd. in 2021 on the Beijing Financial Assets Exchange, with a scale of 500 million yuan and a period of 1+1+1 years. According to the Beijing Financial Assets Exchange, this product is the country’s first sustainable development-linked debt financing plan, and it has made useful explorations for finance to help carbon peak and carbon neutrality.
Postal Savings BankIn reference to the International Capital Market Association (ICMA) “Sustainable Development Linked Bond Principles” andBank of ChinaBased on the “Sustainable Development Linked Bonds” of the International Market Dealers Association, it has jointly and innovatively launched a sustainable development linked debt financing plan with the Beijing Financial Assets Exchange. This product provides a new and convenient financing channel for the green and low-carbon transformation of traditional high-carbon industries such as coal power, steel, and cement, and is conducive to improving the sustainable development capabilities of financiers.
The debt financing plan will have the second and third interest-bearing annual couponsinterest rateIt is linked to the financier’s preset sustainable development goal-the completion of the annual clean energy installed capacity indicator, and is closely related to the financier’s overall development strategy. at the same time,Postal Savings BankEngaged United Equator Environmental Assessment Co., Ltd. to carry out pre-listing evaluation and periodic verification of the duration. It will continue to track the progress of the linked target, strengthen supervision responsibility, ensure the achievement of indicators, and promote sustainable development and The goal of carbon transformation is achieved. According to calculations by United Equator Environmental Assessment Co., Ltd., after the linked target is reached, it is expected that the reduction of carbon dioxide emissions by 915,000 tons will be achieved from 2021 to 2023.
The successful landing of this business isPostal Savings BankActively explore transitional finance and vigorously support active attempts to develop green and low-carbon transitions. future,Postal Savings BankWill continue to practice the concept of green development, vigorously develop sustainable finance, green finance and climate finance, actively innovate financial products and services, support green and low-carbon transformation and development, and strive to build green inclusivenessBankAnd climate-friendlyBank, With practical actions to help my country achieve the goal of carbon peak and carbon neutrality.
(Article Source:Postal Savings Bank）
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