Bank of Hangzhou completes RMB 5 bn green bond issuance

Hangzhou Bank Co., Ltd. (Bank of Hangzhou) has announced the successful completion of its 2025 green financial bond issuance, approved by relevant regulatory authorities. The bond offering, with a total scale of RMB 50 billion, was priced on December 10, 2025, and issued on December 12, 2025.

The issuance comprised two tranches: a three-year fixed-rate bond totaling RMB 40 billion, with a coupon rate of 1.78%, and a three-year floating-rate bond amounting to RMB 10 billion. The floating-rate bond features a first reset period coupon rate of 1.83% and a fixed spread of 0.35%.

The proceeds from these bonds are earmarked to fund green industry projects as outlined in the "Green Financial Support Project Catalogue (2025 Edition)," aligning with the bank's commitment to sustainable finance.