BOC bond turns green investors red

Bank of China likes to make a bold splash when it accesses the international bond markets and on Tuesday it daubed them green and red with a debut environmentally friendly bond that incorporated dollar, euro and renminbi tranches.

The $3.028 billion transaction comes almost one year after the A1AA rated group set the markets alight with its blockbuster $3.55 billion four-currency Silk Road bond.

This year’s deal breaks new ground on a number of fronts.

Firstly, it is the largest-ever G3 currency green bond issue from Asia ex-Japan.

But it is also notable because the renminbi tranche has come...