The issuance of our first green bond in January 2018 is a sign of our deepening and ongoing commitment to SD. The bond raised US$500 million at a coupon rate of 3.5% and is due in 2028. The 10-year green bond was issued under our US$4 billion Medium Term Note Programme and was rated A2 by Moody’s Investors Service and A by Fitch Ratings.
This was the first bond in Hong Kong to obtain Pre-issuance Stage Certification under the Green Finance Certification Scheme by the Hong Kong Quality Assurance Agency (HKQAA). The net proceeds from the green bond have been fully allocated to the following green projects:
In 2019, we issued our second Green Bond Report which provides information on the bond’s green projects and estimated quantitative environmental impacts, including energy and water savings, renewable energy generation and wastewater management impacts, among others.