The total value of green bonds issued by overseas branches of the Bank of China, one of the country’s big four state-owned lenders, has reached 8.3 billion U.S. dollars since the first batch was launched four years ago.

The bank has issued seven batches of green bonds in countries including the United States and Japan since July 2016 with four denomination currencies.

The bonds have provided long-term stable financial support at a low cost for domestic and overseas green projects, according to Liu Quanlei, a deputy general manager with the bank.

A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects, such as clean energy and pollution control projects.

Source Xinhua