from：China Three Gorges Corporationdate：2021-03-08
China Three Gorges Corporation (CTG) announced that it has completed the issuance of its carbon-neutral bonds on March 3.
The three-year RMB 1 billion bonds were issued on the Shanghai Stock Exchange. At least 70 percent of the proceeds will be used to finance the construction of the CTG-owned Baihetan Hydropower Station located on the Jinsha River.
Carbon-neutral bond is a type of green bond used to raise capital for projects that reduce carbon emissions. To date, CTG has issued a total of RMB 3 billion of carbon-neutral bonds on the China Interbank Bond Market and the stock exchange.
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