Green Bond Fact Sheet
Summary
This fact sheet details a green Asset-Backed Security (ABS) issuance by Chongqing Kangda Environmental Protection Industrial Co., Ltd. on August 10, 2018, totaling CNY 360 million (USD 52.7 million) to fund wastewater treatment infrastructure.
Key insights
- Chongqing Kangda Environmental Protection Industrial Co., Ltd. issued a green ABS on August 10, 2018, with a total amount of CNY 360 million (approximately USD 52.7 million) and a 15-year tenor maturing on August 10, 2033.
- The green ABS is secured by wastewater treatment receivables from five subsidiaries of Chongqing Kangda Environmental Protection Industrial Co., Ltd. over the next 15 years.
- Proceeds from the issuance are designated for the construction of new wastewater treatment stations and the upgrading of existing ones for the company's subsidiaries, aiming to reduce local pollution, improve the environment, and lower water usage.
- The Climate Bonds Initiative identifies this as the first green ABS deal in Chongqing and notes that it combines refinancing with a commitment to additional green asset financing.
- Chongqing Kangda Environmental Protection Industrial Co., Ltd., founded in 1992, is a wholly foreign-owned enterprise managing nearly 30 holding companies and sewage treatment stations, with a current daily wastewater treatment capacity of 1.28 million tons and an additional 1 million tons under construction.
Cite the original document
- APA
- Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-08%20CN%20Chongqing%20Kangda%20Environmental%20Protection%20Industrial%20Co_%2CLtd.pdf
- Chicago
- Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-08%20CN%20Chongqing%20Kangda%20Environmental%20Protection%20Industrial%20Co_%2CLtd.pdf.
- Wikipedia
- {{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=13 August 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-08%20CN%20Chongqing%20Kangda%20Environmental%20Protection%20Industrial%20Co_%2CLtd.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = aug, url = {https://www.climatebonds.net/files/drupal-files/files/2018-08%20CN%20Chongqing%20Kangda%20Environmental%20Protection%20Industrial%20Co_%2CLtd.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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