On November 12th, the two entities signed a Memorandum of Understanding during LuxSE’s visit to Fuzhou, CIB’s headquarter, to frame their cooperation in the international green markets, in the presence of the Consul General of Luxembourg in Shanghai and the CEO of LfF.
A Ring the Bell ceremony was celebrated on November 14th in Luxembourg, as CIB will soon list its first international green bond on LuxSE. The EUR 300 million green bond will list on LuxSE’s Euro MTF market. Raised proceeds will finance, in particular, projects related to electric transportation, solar and wind energy generation and sustainable water and waste water. Cicero has verified the issuance and rated it as Dark Green, the highest note for a green instrument.
“I highly commend CIB for its outstanding achievements in green finance and for receiving a top green score for its first international green bond. I feel extremely honoured that the first Chinese commercial bank aligning with international standards has chosen LuxSE and LGX, the leading exchange platform for green financial instruments”, comments Robert Scharfe, CEO of LuxSE.
The Luxembourg Green Exchange displays over 250 green, social and sustainability securities worth more than USD 100 billion, two years after its launch.