1. LINE

      Text:AAAPrint
      Economy

      Geely raises $400 million in green bond sale

      1
      2016-05-20 13:57chinadaily.com.cn Editor: Feng Shuang

      Zhejiang Geely Holding Group, the Chinese owner of the London Taxi Co, has raised $400 million through issuing green bonds, Bloomberg reported on Friday.

      The proceeds will be used to develop the Geely TX5 hybrid taxi, which will replace the iconic black cabs in London. It was over-subscribed by close to six times, Bloomberg reported.

      Geely mandated Bank of America Merrill Lynch, Bank of China, Barclays and Societe Generale for the green bond offering. According to Barclays, the transaction is the first credit-enhanced green bond offering from a global auto company.

      A green bond is an innovative financing method used around the world, directing financial resources to environmental protection. Almost $56 billion green bonds may be issued in 2016, topping last year's record of $46 billion, according to Bloomberg New Energy Finance.

      The company has no plans to issue another in the foreseeable future, the Bloomberg said, citing Frank Li, group chief financial officer.

      Geely plans to start producing a prototype of the TX5 at a factory in Coventry, England, Li said, adding that commercial sales are scheduled to start in the fourth quarter of 2017.

      London required that from Jan 1, 2018, all new taxies have to have zero emissions.

      Geely, which also owns Sweden's Volvo brand, has set a target for 90 percent of its sales to consist of new-energy vehicles - that is, battery powered and hybrid cars- by 2020.

      Agencies contributed to this story.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲蜜芽在线精品一区| 免费观看四虎精品国产永久| 毛茸茸bbw亚洲人| 国产亚洲成在线播放va| 黄瓜视频高清在线看免费下载| 亚洲网站在线免费观看| 成人久久免费网站| 亚洲精品国产V片在线观看 | 最近中文字幕无吗免费高清 | 国产成人精品亚洲2020| 久久久久免费看黄a级试看| 亚洲国产精品一区二区第一页| 亚洲五月午夜免费在线视频| 四虎永久在线精品免费影视| 亚洲人成在线精品| 成年人性生活免费视频| 亚洲色大18成人网站WWW在线播放| 麻豆视频免费观看| 亚洲乱妇老熟女爽到高潮的片| 精品国产免费观看| 国产成人 亚洲欧洲| 国产性爱在线观看亚洲黄色一级片| 黄色网址免费在线观看| 久久精品国产亚洲AV麻豆~| 毛片无码免费无码播放| 久久亚洲国产成人影院| 免费人成网站在线播放| 最近中文字幕免费大全| 亚洲欧洲国产综合| 免费久久精品国产片香蕉| 性生大片视频免费观看一级| 亚洲AV无码专区电影在线观看| 色播精品免费小视频| 美女被羞羞网站免费下载| 亚洲精品乱码久久久久久按摩| 在线天堂免费观看.WWW| 一本岛v免费不卡一二三区| 亚洲人妖女同在线播放| 亚洲一级特黄大片无码毛片| 999国内精品永久免费视频| 一级做a爱过程免费视频高清|