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Industrial Bank Raises 30 Billion Yuan in Green Bond Issuances

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Industrial Bank (SHA:601166) raised 30 billion yuan via the issue of two tranches of green financial bonds for green industry project lending, according to a weekend filing with the Shanghai bourse.

The first tranche of three-year bonds carrying a coupon rate of 1.54% raised 22 billion yuan, while the second tranche of three-year floating interest rate with an initial 1.59% coupon raised 8 billion yuan.

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