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CGN’s euro-denominated green bonds win honor


The euro-denominated overseas green bonds issued by China General Nuclear Power Corp (CGN) were recently named the 2017 best green bonds in the Chinese-funded offshore fixed income market.

The award was launched by Wall Street Trader, an analytical portal aggregating data on stock markets of the US. It invited online voters from global financial markets to make the selection.

CGN, a major Chinese nuclear power operator and a leading clean energy company, was the only winner, defeating competitors such as China Three Gorges Corp, China Development Bank, Industrial and Commercial Bank of China and Bank of China, which also issued multiple offshore green bonds in 2017. The award helps prove CGN’s influence in global capital markets as well as overseas markets’ confidence in its euro-denominated green bonds.  

CGN issued five-year, seven-year and 10-year overseas senior unsecured bonds on Dec 5, 2017, raising funds of $900 million and 500 million euros. It made CGN one of the few nuclear power companies that issued green bonds in the global market.

The bonds were the first of their kind and the largest overseas bonds of CGN, and featured the widest participation by global investors. The bond issue will provide CGN with new momentum in developing the European renewable energy market and help maintain its status as a global leading clean and renewable energy company.

Following the Green Bond Principles (GBP), the bonds had passed authentication of a third party, Deloitte Touche Tohmatsu (Deloitte), one of the world's biggest accounting firms.