25
May
12:06
Baosteel issues China’s first bond for green steel
China-listed Baosteel, a Shanghai-based subsidiary of Baowu Group, on Wednesday successfully issued China’s first low-carbon transition green corporate bond for professional investors on the Shanghai Stock Exchange (SSE).
This is the first phase of the bond, which raised CNY 500 million ($75m) at a rate of 2.68% and a valid period of three years, Kallanish notes.
The total registered amount of the bonds issued cannot exceed CNY 20 billion, and will be issue…
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Very good overview of the weekly steel market.
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