Shanghai Pudong Development Bank Publishes Drawdown Offering Circular for Green Bonds
Why we think this is neutral
The RNS announcement is about the publication of a Drawdown Offering Circular for the issuance of U.S.$400,000,000 floating rate Green Bonds. This is a routine financing announcement and does not contain any significant positive or negative information that would warrant a stronger sentiment score.
Key Points
- Publication of Drawdown Offering Circular for U.S.$400 million green bond issuance
- Bonds expected to be admitted to trading on London Stock Exchange on 11 June 2025
Summary
The bank has published a drawdown offering circular for the issuance of U.S.$400 million in green bonds.
Shanghai Pudong Development Bank Co., Ltd., London Branch has published a drawdown offering circular dated 3 June 2025 in connection with the issuance of U.S.$400,000,000 floating rate Green Bonds due 2028 under the bank's U.S.$5,000,000,000 Medium Term Note Programme. The Notes are expected to be admitted to trading on the International Securities Market of the London Stock Exchange on 11 June 2025.
GENERAL UPDATE