China Construction Bank Corporation (CCB, 00939.HK, 601939.SH, S&P: A Stable, Fitch: A Stable, Moody's: A1 Negative) London branch plans to issue Reg S, 3-year and 5-year USD-denominated floating rate green notes.
Terms are as follows:
Issuer: China Construction Bank Corporation London Branch Issuer Rating: S&P: A Stable, Fitch: A Stable, Moody's: A1 Negative Expected Issue Rating: A1 (Moody's) Type: Floating rate, senior unsecured green notes issued under CCB's Green, Social, Sustainability and Sustainability-Linked Bond Framework (the "GSSS Bond Framework"), under the USD 15,000,000,000 Medium Term Note Programme of CCB and CCB Hong Kong Branch Regulation: Reg S Currency: USD Issue Size: USD benchmark size Tenor: 3-year | 5-year Initial Price Guidance: SOFR+105bps area | SOFR+115bps area Settlement Date: September 11, 2025
Use of Proceeds: To provide all or partial financing and/or refinancing to clients participating in eligible green projects and the bank's own operational activities, including financing within the green eligible categories specified in the bank's GSSS Bond Framework, which complies with ICMA Green Bond Principles among others.
Other Terms: Listed on Hong Kong Stock Exchange and London Stock Exchange; minimum denomination/increment of USD 200,000/USD 1,000; governed by English law
External Review: Independent limited assurance report issued by Ernst & Young ("Assurance Report") Hong Kong Quality Assurance Agency Certificate: Independent certification by Hong Kong Quality Assurance Agency ("HKQAA Pre-Issuance Stage Certificate")
Joint Lead Managers: China Construction Bank, Agricultural Bank of China, Bank of China, Bank of Communications, Barclays, CITIC Bank International, China Everbright Bank Hong Kong Branch, China Galaxy International, China International Capital Corporation, China Merchants Bank, China Minsheng Banking Corp Hong Kong Branch, CITIC Securities International, China Zheshang Bank Hong Kong Branch, Citigroup, CITIC Securities, DBS Bank, Deutsche Bank, Guotai Junan International, Haitong International, HSBC (B&D), Huatai International, Industrial and Commercial Bank of China, Industrial Bank Hong Kong Branch, Lloyds Bank, Mizuho Securities, Standard Chartered Bank (B&D)
Sole Green Structuring Advisor: CCB International Asia Clearing Systems: Euroclear/Clearstream