Shanghai Pudong Development Bank completes first green bond issuance

Shanghai Pudong Development Bank Co., Ltd. has announced the successful completion of its 2025 first-tranche green financial bond issuance. The bonds, with a total scale of RMB200 billion, were issued in the national interbank bond market after approval from relevant regulatory authorities and registered with China Central Depository & Clearing Co., Ltd.

The green bonds, designated as "Shanghai Pudong Development Bank Co., Ltd. 2025 First-Tranche Green Financial Bonds," were booked on November 11, 2025, and issued on November 13, 2025. These are fixed-rate bonds with a 3-year term and a coupon rate of 1.73%.

The proceeds from this bond issuance are specifically earmarked for green industry projects, in accordance with applicable laws, regulatory approvals, and the "Green Financial Support Project Catalogue (2025 Edition)."