Bank of China Limited, Luxembourg Branch Plans to Issue its 2023 Green Transition Bond
2023-10-11
Bank of China Limited, Luxembourg Branch (“BOC Luxembourg”) plans to issue its 2023 Green Transition Bond in the near term. Bank of China Limited formulated and released Bank of China Limited Transition Bonds Management Statement (2023 Version). BOC Luxembourg will issue transition bond in reference to the ICMA Climate Transition Finance Handbook (2023), with reference to the four pillars of ICMA Green Bond Principles (2021) and Sustainability Bond Guidelines (2021), in line with the industry economic activity classification and technical indicators for climate transition from IPSF Common Ground Taxonomy or EU Taxonomy for Sustainable Activities or Climate Bonds Initiative Sector Criteria, and with reference to the sections of the above standards that relate to the transition industry as well as the principles of “Avoidance of Carbon Lock-in” and “Do No Significant Harm” . The proceeds raised from Transition Bond will be used for financing and/or refinancing of eligible projects. Please refer to the attachments in relation to BOC Luxembourg’s 2023 Green Transition Bond.
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