Bank of China Limited (“BOC”) plans to issue its first Sustainability Bond in the offshore markets in the near term. BOC has updated Bank of China Limited Green Bond Management Statement to Bank of China Limited Sustainability Series Bonds Management Statement, to demonstrate how BOC will issue offshore Sustainability Bond in alignment with the Sustainability Bond Guidelines, 2017 in terms of the use of proceeds, project evaluation and selection, management of proceeds, and reporting, and that all the net proceeds of its offshore Sustainability Bond issuance will be used to fund new and existing green and social projects. Please refer to the attachments in relation to BOC’s May 2018 offshore Sustainability Bonds.
