Bank of China Limited (“BOC”) plans to issue its first Social Bonds in the offshore market in the near term. BOC has updated Bank of China Limited Sustainability Series Bonds Management Statement, and will issue offshore Social Bonds in alignment with the Social Bonds Principles(2018) in terms of the use of proceeds, project evaluation and selection, management of proceeds, and reporting. All the net proceeds of its offshore Social Bonds issuances will be used to fund existing and potential social projects with social impacts. Please refer to the attachments in relation to BOC Macau Branch’s 2020 Social Bonds.
