Country for PR: China
Contributor: Xinhua News Agency
Thursday, January 27 2022 - 21:05
AsiaNet
GTJAI announces HKD70.1 bln green, sustainable bonds underwriting for 2021
SHANGHAI, Jan. 27, 2022 /Xinhua-AsiaNet/--

Guotai Junan International (GTJAI: 01788.HK), the first mover for 
internationalization among Chinese securities brokers, announced Thursday that 
the company participated in underwriting 70.1 billion Hong Kong dollars of 
green bonds and sustainable bonds issues in 2021, up 271 percent year on year.

GTJAI took part in total in underwriting of 29 batches of green bonds and 
sustainable bonds issues last year, up 164 percent from the previous year, 
making it a leading player on the primary green bond market in Hong Kong among 
all Chinese securities firms.

Together with other high-quality financial services, GTJAI helped guide 
international capital into green industries and satisfy its corporate and 
institutional clients' demand for green and sustainable transformation and 
potential ESG risk management as well.

In September 2021, the company acted as the joint green structure consultant, 
global coordinator, bookkeeper and lead manager of the 200 million U.S. dollars 
of 5-year senior fixed-rate green bond issues by Guangzhou Metro Group Co., 
Ltd. The batch of green bonds, whose proceedings went to low carbon 
transformation projects, received A+ rating from Fitch Ratings, green 
certification from Sustainalytics, a leading global provider of ESG research, 
ratings and data, and label certification from Hong Kong Quality Assurance 
Agency (HKQAA). Favored by many reputed institutional investors at home and 
abroad, this batch of green bonds was 11 times subscribed in issuance.

In November 2021, GTJAI served as the joint global coordinator, bookkeeper and 
lead manager of 240 million U.S. dollars of 5-year unsecured senior sustainable 
bond issues by Shangyu Urban Construction and Development Group Co., Ltd. The 
batch of sustainable bonds was the first batch of sustainable bonds sold in 
overseas market by a Chinese Yangtze River Delta-located state-owned enterprise.

In January this year, GTJAI facilitated issuance of a batch of senior unsecured 
USD-denominated 5-year fixed-rate Regulation S bonds by Guangzhou Development 
District Holding Group Ltd., as also the joint green structure consultant, 
global coordinator, bookkeeper and lead manager.

In programs selection, the company always prioritizes environment friendly 
investment and financing programs to thoroughly practice the ESG concept to 
promote sustainable development.

In August 2021, GTJAI joined the Hong Kong Green Finance Association to embrace 
new opportunities in green finance and fulfill its social responsibilities to 
foster more inclusive low carbon economy.

Source: Guotai Junan International