April 20, 2024

businessweek

Taste For Business

GTJAI Boosted Two SOEs in Green Bond Issuances

HONG KONG–(Business enterprise WIRE)–Guotai Junan Global Holdings Constrained (“GTJAI”, the “Business” or the “Team”, Inventory Code: 1788.HK) declared that the Corporation has assisted Zhuzhou Metropolis Construction Improvement Team Co., Ltd. (“Zhuzhou Town Building Enhancement Group”) and Hangzhou Water Team Co., Ltd. (“Hangzhou H2o Group”) in productively issuing green bonds, demonstrating its good strength in sustainable finance.

On 24 March, GTJAI served as the special eco-friendly structuring advisor, joint global coordinator, joint bookrunner and joint guide manager assisting Zhuzhou City Construction Improvement Group to correctly challenge 3-yr US$400 million senior preset-level inexperienced bonds. This issuance is the to start with offshore environmentally friendly bond issued by a point out-owned company in Hunan Province.

On 23 March, GTJAI, as joint eco-friendly structuring advisor and joint world-wide coordinator, assisted Hangzhou Water Team efficiently in issuing 3-yr US$300 million offshore senior set-charge inexperienced bonds. The issuance was the to start with time Hangzhou Drinking water Team debuted in the overseas cash industry and set a document for the narrowest credit distribute among state-owned enterprises just lately. And Hangzhou Drinking water Team also grew to become the initially Hangzhou condition-owned company with a Moody’s rating, the best intercontinental rating in the h2o market in China.

Green bond organization is just one of the crucial factors of GTJAI to exercise sustainable finance and ESG. The Team actively responded to the taking care of philosophy of the parent corporation Guotai Junan Securities – “Finance for the Good” and “Finance for the People”, by guiding international funds allocation to higher-top quality, sustainable Chinese enterprises by way of organizations these kinds of as financial investment banking, asset administration and private equity, to satisfy the requires of corporate and institutional clientele to completely transform to minimal-carbon and sustainable progress. In 2021, the overall money raised in the underwriting projects of inexperienced and sustainability bonds attained HK$70.1 billion, symbolizing an boost of 271% YOY and a document high.

About GTJAI

Guotai Junan Global (“GTJAI”, Inventory Code: 1788.HK) is the industry leader and initial mover for internationalization of Chinese Securities Company as well as the very first Chinese securities broker stated on the Key Board of The Hong Kong Stock Trade by way of initial public providing. It has also been bundled in FTSE4Very good Index by London Inventory Exchange of the United Kingdom. Dependent in Hong Kong, GTJAI presents diversified built-in economical services. Core organization includes 7 groups of brokerage, corporate finance, asset administration, loans and funding, financial goods, market place earning and investments, which address a few dimensions such as individual finance (prosperity administration), institutional finance (institutional trader expert services and corporate finance support) and expense administration. GTJAI has been assigned “Baa2” and “BBB+” extended phrase issuer ranking from Moody and Common & Weak respectively. The controlling shareholder, Guotai Junan Securities Firm Limited (Inventory Code: 601211.SH 2611.HK), is the detailed economical company with a extended-phrase, sustainable and over-all foremost placement in the Chinese securities business. For a lot more information about GTJAI, remember to check out https://www.gtjai.com