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Guotai Junan International Holdings Limited (GTJAI) announced its success in assisting Zhuzhou City Construction Development Group and Hangzhou Water Group in issuing green bonds totaling US$700 million. GTJAI acted as the exclusive green structuring advisor for the bonds, which included US$400 million from Zhuzhou and US$300 million from Hangzhou. This issuance marks a significant milestone as it is the first offshore green bond from Hunan's state-owned enterprise and the debut of Hangzhou Water Group in the overseas capital market. GTJAI continues to lead in sustainable finance within the region.
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Assisted in issuing US$700 million in green bonds, enhancing market position.
First offshore green bond issuance from a Hunan state-owned enterprise.
Set records for Hangzhou Water Group's debut in overseas capital markets.
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HONG KONG--(BUSINESS WIRE)--
Guotai Junan International Holdings Limited ("GTJAI", the "Company" or the "Group", Stock Code: 1788.HK) announced that the Company has assisted Zhuzhou City Construction Development Group Co., Ltd. (“Zhuzhou City Construction Development Group”) and Hangzhou Water Group Co., Ltd. (“Hangzhou Water Group”) in successfully issuing green bonds, demonstrating its great strength in sustainable finance.
On 24 March, GTJAI served as the exclusive green structuring advisor, joint global coordinator, joint bookrunner and joint lead manager assisting Zhuzhou City Construction Development Group to successfully issue 3-year US$400 million senior fixed-rate green bonds. This issuance is the first offshore green bond issued by a state-owned enterprise in Hunan Province.
On 23 March, GTJAI, as joint green structuring advisor and joint global coordinator, assisted Hangzhou Water Group successfully in issuing 3-year US$300 million offshore senior fixed-rate green bonds. The issuance was the first time Hangzhou Water Group debuted in the overseas capital market and set a record for the narrowest credit spread among state-owned enterprises recently. And Hangzhou Water Group also became the first Hangzhou state-owned enterprise with a Moody's rating, the highest international rating in the water industry in China.
Green bond business is one of the key elements of GTJAI to practice sustainable finance and ESG. The Group actively responded to the managing philosophy of the parent company Guotai Junan Securities – “Finance for the Good” and “Finance for the People”, by guiding global capital allocation to high-quality, sustainable Chinese enterprises through businesses such as investment banking, asset management and private equity, to meet the needs of corporate and institutional clients to transform to low-carbon and sustainable development. In 2021, the total funds raised in the underwriting projects of green and sustainability bonds reached HK$70.1 billion, representing an increase of 271% YOY and a record high.
About GTJAI
Guotai Junan International (“GTJAI”, Stock Code: 1788.HK) is the market leader and first mover for internationalization of Chinese Securities Company as well as the first Chinese securities broker listed on the Main Board of The Hong Kong Stock Exchange through initial public offering. It has also been included in FTSE4Good Index by London Stock Exchange of the United Kingdom. Based in Hong Kong, GTJAI provides diversified integrated financial services. Core business includes seven categories of brokerage, corporate finance, asset management, loans and financing, financial products, market making and investments, which cover three dimensions including individual finance (wealth management), institutional finance (institutional investor services and corporate finance service) and investment management. GTJAI has been assigned “Baa2” and “BBB+” long term issuer rating from Moody and Standard & Poor respectively. The controlling shareholder, Guotai Junan Securities Company Limited (Stock Code: 601211.SH; 2611.HK), is the comprehensive financial provider with a long-term, sustainable and overall leading position in the Chinese securities industry. For more information about GTJAI, please visit https://www.gtjai.com
Source: Guotai Junan International Holdings Limited
FAQ
What green bonds did Guotai Junan International Holdings Limited issue?
Guotai Junan International issued US$700 million in green bonds, including US$400 million for Zhuzhou City Construction Development Group and US$300 million for Hangzhou Water Group.
When were the green bonds issued by Guotai Junan International?
The green bonds were issued on March 24 for Zhuzhou City Construction and March 23 for Hangzhou Water Group.
What is the significance of these green bond issuances?
These are the first offshore green bonds from Hunan Province's state-owned enterprises, marking a milestone in sustainable finance.
What is the stock symbol for Guotai Junan International?
The stock symbol for Guotai Junan International is 1788.HK.
How much did Guotai Junan International raise from green bonds in 2021?
In 2021, Guotai Junan International raised HK$70.1 billion from green and sustainability bond underwriting projects.
