A&O Shearman advises on ICBC’s multi-branch “carbon neutrality” themed international green bond issuance

The three-currency, three-series transaction issued under ICBC’s USD20 billion global medium term note programme comprises:

• USD1bn floating rate bonds due 2027 by ICBC Hong Kong Branch;

• CNY3bn (approximately USD410m) 2.88% bonds due 2027 by ICBC Singapore Branch;

• EUR300m (approximately USD326m) 3.697% bonds due 2027 by ICBC London Branch

The net proceeds will be used to finance and/ or refinance eligible green assets, which promote environmental protection, sustainable economic development, and combat climate change. The bonds will be listed on the Hong Kong Stock Exchange, the Singapore Stock Exchange, and the London Stock Exchange. 

The A&O Shearman team was led by partners Agnes Tsang and Aloysius Tan, with support from Gordon Ng, Celine Sim, Nick Yap, Sheryl Tan and Rachel Cheung.

For further information, please contact Grace Zhang at grace.zhang@aoshearman.com or on +852 2974 6914

Disclaimer

The information contained herein is restricted and is not for publication, distribution or release in or into the United States of America, Australia, Canada, Japan or South Africa. This announcement is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The bonds referred to herein (the "Securities") have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not, subject to certain exceptions, be offered or sold in the United States or to or for the account or benefit of a person located in the United States.

Disclaimer: The information contained herein is restricted and is not for publication, distribution or release in or into the United States of America, Australia, Canada, Japan or South Africa. This announcement is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The bonds referred to herein (the "Securities") have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not, subject to certain exceptions, be offered or sold in the United States or to or for the account or benefit of a person located in the United States.