The Asset recognises Crédit Agricole CIB as a leader in sustainable finance in Asia-Pacific
The Asset, a leading trade publication in Asia-Pacific, recognises Crédit Agricole CIB in nine sustainable finance award categories in its Triple A Country Awards 2022.
As a leader in sustainable finance, we continue to focus on tailoring innovative financing solutions to assist clients with their transitions. This accolade reaffirms the Bank’s commitment in working together with our clients and partners to promote a more sustainable economy.
Highlights include the Best Sustainability-linked Financing Deal in Hong Kong, where we arranged Asia’s first sustainability-linked Japanese Operating Lease with Call Option (JOLCO) for Cathay Pacific Airways. In this innovative financing of a fuel-efficient aircraft, some terms are linked to Cathay Pacific achieving certain pre-defined sustainability targets regarding the proportion of new generation aircraft in their fleet and the gradual increase of sustainable aviation fuel use.
The full list of recognitions below:
Best sustainability-linked financing in Hong Kong
Cathay Pacific
Sustainability-linked JOLCO financing of an Airbus A321NEO aircraft
Best corporate bond in India
Reliance Industries
US$4 billion triple-tranche fixed rate notes
Best sustainability/green bond in offshore China
Bank of China
US$400 million fixed rate sustainability bond/US$300 million two-year fixed rate green bond/ US$300 million three-year fixed rate green bond
Best green bond in offshore China – Battery
Zoomwe Hong Kong New Energy Technology Company
US$100 million credit-enhanced green bond
Best green bond in offshore China – Electrical Manufacturing
Midea Group Company
US$450 million green bond
Best green dim sum bond in offshore China – LGFV
People’s Government of Shenzhen Municipality
3.9 billion offshore yuan local government green bond
Best green bond in Macau
China Construction Bank (Macau)
US$500 million Sofr floating rate green bond
Best climate bond in South Korea
Shinhan Bank
US$500 million Basel III-compliant tier 2 subordinated climate bond
Best social bond in South Korea
Industrial Bank of Korea
US$600 million senior unsecured social bond
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“Our teams across Crédit Agricole CIB worked together to develop comprehensive advice for clients who share the same vision in sustainable finance. Thank you The Asset for recognising our hard work in multiple categories across sectors and markets.” Antoine Rose, Head of Sustainable Investment Banking, Asia-Pacific and the Middle East |
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“As a well-recognized fixed-income house, we are delighted that our expertise has supported clients across Asia in their transition journey, while helping them navigate the volatile market. We look forward to more success with our partners in the region and beyond.” Alan Roch, Head of Credit, Asia-Pacific |
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“The award-winning Cathay Pacific deal demonstrates our spirit to cater clients’ needs in the best way possible by leveraging on our strengths in aviation financing and sustainable banking. We thank our clients and partners for trusting our expertise and in exploring new possibilities together.” Bertrand Rovetto, Head of Asian Aviation Group |
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For more information on Credit Agricole CIB’s sustainability commitment, visit the Committed and Responsible page.