China issues first overseas RMB-denominated sovereign green bond in London

On April 3, China issued its first-ever overseas RMB-denominated sovereign green bond in London. The deal totals 6 billion yuan (about $833.33 million USD), with 3 billion yuan for a three-year term and 3 billion yuan for a five-year term, both at lower interest rates than comparable treasury bonds in the Hong Kong secondary market. Total subscriptions hit 41.58 billion yuan, 6.9 times the issuance value, demonstrating strong demand from international investors across various regions.