Bank of China sells green covered bond

The Chinese lender combined green bonds with covered bonds, potentially opening up a new area of funding for its peers.

Bank of China, rated A1/A/A, raised $500 million from a three-year green covered bond issue on Thursday. The deal marked the first ever sale of covered bonds from a Chinese bank — although covered bond experts might not recognise it as such.

¬ Haymarket Media Limited. All rights reserved.

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