China's Ministry of Finance, on behalf of the central government, sold CNY 4
billion of RMB green sovereign bonds in Canada on Nov 9: CNY 2 billion 3-year
notes at 1.40% and CNY 2 billion 5-year notes at 1.50%. The issue drew CNY 54.04
billion of orders (13.5x cover). Investor geography: APAC 77%, Americas 15%,
Europe 8%. Investor type: sovereign/supranational 32%, banks 45%, asset managers
and insurers 22%, dealers 1%; green/sustainable investors made up 41%. Bonds
will be listed on the Hong Kong Stock Exchange.