News

Bank of China in green bond bonanza

Bank of China in LondonFixed income instruments issued by Bank of China in London and Hong Kong reveal the growing trend for Asian green bonds. The bank’s London branch priced a $1 billion three-year and five-year floating rate green bond and the Hong Kong branch priced a 3 billion Hong Kong dollar ($382 million) two-year fixed-rate sustainability bond. Issued to raise money for projects such as renewable energy and clean transportation, green bonds are rising in popularity in Asia. Sameer Chopra, an analyst for Bank of America Merrill Lynch, predicts Asian entities will issue $250 billion of green bonds in the next three years and $600 billion over the next five years. “China is expected to make-up nearly half of the issuance,” said the analyst. Bank of America Merrill Lynch acted as green structuring agent, joint global coordinator, joint bookrunner and joint lead manager on the Bank of China issuances. ©2018 funds global asia

Executive Interviews

Interview: Money needs a place to go

Mar 11, 2019

Peng Fei, chief investment officer at Wanwei Asset Management, tells Romil Patel about allocating capital across risk factors when asset performance is uncertain and unpredictable.

INTERVIEW: Giving peace a chance

Jan 11, 2019

As US-China tensions escalated in 2018, the leaders of the two economies met in Buenos Aires to agree a truce. Aidan Yao, senior emerging Asia economist at Axa Investment Managers, talks to Romil...

Roundtables

Singapore roundtable: A money magnet

Mar 11, 2019

Our panel discussed why the Singapore Variable Capital Company makes them bullish, what gives the onshore jurisdiction an offshore feel and “blood on the streets” from China’s slowdown. Chaired by Romil Patel in Singapore.

HONG KONG ROUNDTABLE: A sunny picture

Jan 11, 2019

Changes to regulation, US-Sino trade tensions and further steps by China to open its capital markets were some of the topics discussed by our panel. Chaired by Romil Patel in Hong Kong.