Anji Liangshan Clean Air Bond (CAB) Subproject
On June 9, 2022, China's first Clean Air Bond (CAB) - "2022 Phase I of Zhejiang Anji Liangshan State-owned Holding Group Co., Ltd. Green Bond", which was guaranteed and enhanced by I&G, was successfully issued. The size of the bonds is RMB 800 million, with a maturity of 7 years and I&G subscribed CNY 100 million. The funds raised will be used for the construction of landfill ecological restoration, solid waste disposal center and waste sorting center in Anji County. CAB is an innovative product of the I&G’s Phase II Project, developed under the guidance of the NDRC and the MOF. As a "true green bond", CAB must meet China’s domestic green bond standards, green industry standards, ADB’s ESMS standards and the Climate Bonds Initiative (CBI) standards. I&G can not only provide credit enhancement support but also participate in the subscription of the bonds. By this way, the CAB becomes a new tool to promote green development and provide long-term and stable financial support for the Emission Peak Action.