BEIJING, Dec. 29 (Xinhua) -- The asset-backed note (ABN) collateralized by Guangzhou Metro Group’s 5 billion yuan of ticket revenue, the first of its kind in China, has been registered with China National Association of Financial Market Institutional Investors on December 25, 2018, reported the Xinhua-run Shanghai Securities News.
With Industrial Bank as its underwriter, the ABN is China’s first green ABN issued by green enterprise for green project. It is also the first green ABN of the national green finance innovation pilot zones, said the report.
The ABN project blazes a trail for enterprises, rail transport industry in particular, to make use of green instruments for project financing, according to the report.
The national green finance innovation pilot zones in China were established in June 2017 to promote financing for environmentally friendly industries. (Edited by Su Dan)
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