Industrial Bank Co. Ltd.'s Hong Kong branch issued HK$3 billion of two-year COVID-19 resilience bonds and US$450 million of three-year blue bonds under its US$5 billion medium-term note program.

The senior unsecured COVID-19 bonds carry a coupon rate of 1.100% and will mature Nov. 6, 2022. The bank will use the proceeds from the issuance to finance or refinance loans of small and medium-sized enterprises, or loans intended to enable resilience against pandemics, according to a Nov. 2 release.

Meanwhile, the senior unsecured blue bonds carry a coupon of 1.125% and will mature Nov. 6, 2023. The bank will use the proceeds from the issuance to finance or refinance eligible green assets which are water- and marine-related.

Industrial Bank Co. Ltd. Hong Kong branch, Agricultural Bank of China Ltd. Hong Kong branch, Bank of China, Bank of Communications, China Industrial Securities International, China Minsheng Banking Corp. Ltd. Hong Kong branch, Chiyu Banking Corp. Ltd., Citigroup, CMB Wing Lung Bank Ltd., and Crédit Agricole CIB are the joint global coordinators, joint lead managers and joint bookrunners for the issuances.