Supporting our Chinese clients for structuring ESG debt transactions

Let’s focus on two recent milestones where Crédit Agricole CIB accompanied Chinese firms embracing ESG-themed products and innovating in the green financing field.

Drawing of a green city in China

In China, the evolution of ESG and responsible investments is ongoing and plays an important role towards achieving climate transition. As a global leader in sustainable financing, Crédit Agricole CIB is committed to supporting Chinese clients with innovative green and sustainable financial solutions, in response to China’s national policies to reach carbon peaks in 2030 and ultimately become carbon neutral.

First green syndicated loan complying with the Asia Pacific Loan Market Association (APLMA)’s Green Loan Principles for Beijing Enterprises Clean Energy Group Ltd

Crédit Agricole CIB acted as Sole Mandated Lead Arranger, Bookrunner, Sole Green Structuring Advisor and Facility Agent on a best-efforts book building basis for this 3-year syndicated green term loan. 

Managing to attract a total of 8 banks in syndication for aggregate commitments of USD 355 million, including our own commitment of USD 50 million, the facility was 2.3x oversubscribed compared to the launch size of USD 150 million. 

Proceeds will be used to finance the development, construction and maintenance of clean energy projects and associated infrastructure, including but not limited to photovoltaic and wind power, energy storage and clean heat supply business.

First ever overseas carbon neutrality-themed green bond for Industrial Bank Hong Kong Branch

Crédit Agricole CIB acted as Joint Global Coordinator, Joint Lead Manager, Joint Bookrunner and Joint Green Structuring Advisor in the first ever overseas Carbon Neutrality themed green bond issuance from a Chinese commercial bank issuer with a USD 600mn 3-year senior unsecured tranche and a HKD 3-year 2.5bn senior unsecured tranche. 

Proceeds will be used to finance and/or refinance eligible green assets, consisting of renewable energy, low-carbon and low-emission transportation as defined in the Industrial Bank’s Green Bond Framework.