China Construction Bank (CCB) announced on 10 June 2026 an issue of USD 1 billion of floating-rate senior green notes and CNY 3 billion of fixed-rate senior green notes, sold through its Hong Kong and London branches in three tranches.
The US dollar portion, issued by CCB's Hong Kong branch, comprises two tranches of USD 500 million each of floating-rate senior green notes, one due 2029 and the other due 2031. The renminbi portion, issued by CCB's London branch, consists of CNY 3 billion of senior green notes due 2029 carrying a coupon of 1.64%.
PROGRAMME AND LISTING
All three tranches were issued under CCB's USD 15 billion Medium Term Note Programme. The drawdown offering circular for the notes was dated 8 June 2026 and the base offering circular for the programme was dated 5 June 2026. The notes were expected to be admitted to trading on the International Securities Market of the London Stock Exchange on or around 16 June.
GREEN LABEL
The announcement describes all three tranches as senior green notes. China Construction Bank is one of China's four largest state-owned commercial banks. The dollar tranches mature about three and five years after issue, and the renminbi tranche about three years after issue.