In the first half of this year, Chinese government has taken a package of measures to stabilize the economic development, including ensuring energy security and promoting the development of new energy, and introducing a series of supporting policies for carbon financing and green financing.

SDE actively take advantage of those relevant policies and communicates with financial institutions such as banks and securities companies. On August 9, it successfully issued low-carbon transition-linked corporate bond on the Shanghai Stock Exchange. The issuance amount was RMB2.5 billion, with a term of 5 years and a coupon rate of 3.25%. Notably, the coupon rate is the lowest in the same industry in term of term of issuance and the type of bond.

This bond is the first low-carbon transition-linked corporate bond in Shandong. Taking new energy installed capacity as a bond-linked key performance indicator highlights the strong momentum of SDE’s future development of new energy, and demonstrates that SDE is responsible for energy security and low-carbon transformation and development. Given that current capital allocation in the capital market was not clear, the bond subscription ratio reached 2.09, which gained high attention and common recognition from the capital market.