Bank of China New York Branch Issues $500 Million in Green Bonds

Bank of China New York Branch Issues $500 Million in Green Bonds

Bank of China New York Branch (BOCNY or the Bank), the largest Chinese bank operating in the United States, today issued $500 million of Green Bonds (the Bonds). The Bonds, issued pursuant to a Reg S offering under Bank of China’s Medium Term Note Program (MTN), marks the largest green bond issuance by a Chinese financial institution in the Americas and provides a sustainable and environmentally-friendly source of liquidity for clients.

The new 3-year $500 million issuance covers a wide range of geographies and project categories, such as renewable energy, pollution prevention, and green buildings, which are designed to meet the specific funding requirements of overseas and domestic clients. The Bonds issued by BOCNY are denominated in U.S. dollars and the proceeds will be used for eligible green assets primarily in the Americas, as well as Europe, and Asia.

“As ESG becomes increasingly important, this new offering highlights our mission to provide financial solutions that have a real impact on the business and operations of our clients,” said Wei Hu, President and CEO of BOC U.S. Branches “This new offering will help fulfill the financial needs to position our clients’ businesses to complete critical infrastructure projects while also capitalizing on our goals through sustainable financing.”

BOCNY made its debut in the global sustainable capital market through a Green Dim-Sum Bond issuance in 2016, highlighting its efforts to link high-quality green assets and financial market resources. The Bond issuance builds on BOCNY’s mission to leverage its global network, and steadily promote the high-quality development of green finance in various regions.

About Bank of China New York Branch

BOCNY reopened operations in 1981 and is licensed by the Office of the Comptroller of the Currency and engages in wholesale and retail deposit-taking, lending and other banking services primarily for corporations and financial institutions. The Bank is a branch of Bank of China Limited, one of the largest banks in the world, with a footprint that spans over 60 countries and regions. The Bank’s long-term outlook, institutional weight, and global breadth provide clients with a stable and reliable financial partner, whether in its Corporate or Personal Banking, Trade Services, Commodities, Financial Institutions, or Global Markets business lines. It also serves as a U.S. dollar and RMB clearing center for Bank of China Limited and its subsidiary institutions outside of the United States.

The Bank established a formal Environment, Social & Governance (ESG) Working Group in 2021 to enhance environmentally and socially conscious business practices and to support its diversity, equity, and inclusion programs. The Bank’s green finance initiatives focus on financial services in the fields of environmental protection, energy conservation, clean energy, green transportation, and green building, including financial instruments such as green credit, green bond, carbon finance, and green funds.

Disclaimer

This does not constitute an offer or a solicitation to sell or buy the Bonds. The Bonds are being sold outside of the United States in reliance on Regulation S under the US Securities Act of 1933, as amended (the “US Securities Act”). The Bonds have not been, and will not be, registered under the US Securities Act or under the securities laws or with any securities regulatory authority of any state or other jurisdiction of the United States.