China Raises $826 Million in First Green Sovereign Bond

China raised 6 billion yuan ($826 million) in its first-ever green sovereign bond sale, highlighting the country’s ambitions to bolster its environmental credentials to investors.

With more than 47 billion yuan of investor bids, the three-year and five-year offshore yuan-denominated notes were priced at 1.88% and 1.93% respectively, according to a person familiar with the matter. The yields were tightened from around 2.3% and 2.35% at initial price discussions.