On 19th November 2018, the Agricultural Development Bank of China “ADBC” priced its inaugural quasi-sovereign euro green bond offering (EUR 500 million) due 2021. European investors accounted for more than 58% of the assigned orders. Plans are afoot for the bond to be listed on the Luxembourg Stock Exchange, the China Europe International Exchange and the Hong Kong Stock Exchange.

On 20th November, ADBC held a ceremony in Luxembourg to celebrate the issuance of their first euro green bond. ADBC is now not only one of the three major bond issuers in China, and its issuance size of green financial bonds also ranks top among the domestic green bond issuers, which the Bank claims enhances the integration and collaborative development between capital markets and green focused industry.