BUSINESS

GTJAI SCORES RECORD HIGH IN GREEN BOND BUSINESS FOR 2021

20/01/2022 07:36 PM

KUALA LUMPUR, Jan 20 -- Guotai Junan International Holdings Limited (Guotai Junan International, GTJAI, the Company or the Group) has announced the Company participated in the underwriting of 29 Green Bonds and Sustainability Bonds in 2021, representing an increase of 164 per cent Year-over-Year (YOY), while the total fundraising amounted to HK$70.1 billion, representing an increase of nearly 271 per cent YOY. 

Leveraging on its quality and diversified financial services, Guotai Junan International guided the global capital into green industries, meeting clients’ need of transforming to a low-carbon and sustainable development as well as managing their potential ESG risks.

In 2021, GTJAI maintained its leading position in the Green Bond issuance market among China-based securities firms in Hong Kong, according to a statement.

In September 2021, GTJAI, as joint green structuring adviser, joint global coordinator, joint bookrunner and joint lead manager, assisted Guangzhou Metro successfully in issuing US$200 million five-year senior fixed-rate green bonds. (US$1 = RM4.185)

This set the record of the lowest interest rate for US dollar bonds issued by China-based local state-owned enterprises during the same period, and was also the first green overseas bond issued by a state-owned enterprise in Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) in 2021. 

In November 2021, Guotai Junan International, as the joint global coordinator, joint bookrunner and joint lead manager, assisted Shangyu Urban Construction Group Co Ltd successfully issuing a five-year US$240 million senior unsecured sustainable bond. 

This is the first sustainable overseas bond issued by a state-owned enterprise in the Yangtze River Delta region. The proceeds will refinance the group's overseas debt under a sustainable financial framework.

GTJAI has been sizing up the situation in its business development strategy, upholding the concept of green investment, prioritising to environmental protection investment and financing projects, and fully implementing the ESG and sustainability concept with actions.

In the future, the Company will actively embrace new opportunities in green finance, continue to fulfill its corporate social responsibility, consolidate its strategic layout in ESG and carbon neutrality with practical actions, and join hands with all sectors of the society to develop a more inclusive low-carbon economy.

More details at https://www.gtjai.com.

-- BERNAMA


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