Green Bond Fact Sheet

A fact sheet detailing a CNY300 million green bond issued by Hangzhou United Rural Commercial Bank on August 16, 2019, to fund solar energy, water distribution, and recycling projects in China.

• Hangzhou United Rural Commercial Bank issued a green bond on August 16, 2019, with a total amount of CNY300 million (approximately USD43 million) and a maturity date of August 16, 2022.
• The proceeds from the bond are allocated to four specific projects: a solar farm with a total capacity of 13.8MW, a vehicle recycling centre capable of dismantling 5,000 cars annually and remanufacturing 350,000 tons of steel, a river dredging project, and the construction of an efficient irrigation system in Aksu City in western China.
• The bond received a second party opinion (SPO) from CCX and a credit rating of AA+ from CCX. The issuer committed to disclosing the use of proceeds and project progress annually before April 30th.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-08%20CN%20Hangzhou%20United%20Rural%20Commercial%20Bank.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-08%20CN%20Hangzhou%20United%20Rural%20Commercial%20Bank.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=30 August 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-08%20CN%20Hangzhou%20United%20Rural%20Commercial%20Bank.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = aug, url = {https://www.climatebonds.net/files/drupal-files/files/2019-08%20CN%20Hangzhou%20United%20Rural%20Commercial%20Bank.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }