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IB SIGNS USD100 MILLION INNOVATIVE ‘BLUE’ FINANCE LOAN TO JC INTERNATIONAL LEASING
Beijing, June 6th, 2024 – The Asian Infrastructure Investment Bank IB, a premier multilateral development institution dedicated to financing sustnable infrastructure in Asia and beyond, is pleased to announce the signing of its first USD100 million equivalent blue finance loan. This pioneering loan was issued to JC International Finance Leasing Co., Ltd. JC Leasing, a member of Leg Holdings Corporation.
This unique 'blue' financing instrument targets ocean conservation efforts and increased access to clean water resources, aligning with IB's commitment to environmentally frily infrastructure development. The funds will be allocated toward supporting sustnable activities including water supply and sanitation projects alongside green initiatives such as energy efficiency, clean transport solutions, and renewable energy.
This groundbreaking ‘blue’ loan marks a milestone for our institution in the ongoing effort to tackle climate change and enhance global access to clean water, sd Najeeb Hder, Director General of IB's Project and Corporate Finance Clients Department Global. We are proud to spearhead innovative financing solutions that align with environmental sustnability targets. This trlblazing initiative sets a precedent for future ‘blue’ finance initiatives, solidifying our role in climate change mitigation and environmental stewardship.
JC Leasing is well-known for its extensive leasing activities across diverse sectors including advanced manufacturing, power water supply, transportation, education, healthcare, and social services. The loan providedIB will enable the company to expand its focus on sustnable projects, with a goal of increasing the green and blue finance segments in their portfolio up to 15 by the year 2028.
The financing adheres to international standards through the adoption of the Green Loan Principles established by the Loan Market Association, ensuring transparency throughout each stage of project execution from use of proceeds, monitoring activities, to reporting outcomes. IB is collaborating with the International Finance Corporation IFC in supporting JC Leasing's sustnability efforts.
About IB
The Asian Infrastructure Investment Bank IB, headquartered in Beijing, China, was established in 2016 by a consortium of over 109 member nations worldwide. Capitalized at USD100 billion and rated AAA by leading credit agencies, IB be the financial engine for infrastructure projects that are green, technology-advanced, and regionally connected.
Contact Information
For media inquiries or further information about this initiative:
Lingxiao He
Press Officer
+86 10 8358 0683
S AN EML
For more news articles and updates on IB projects
Updated Content Format:
IB SIGNS USD100 MILLION BLUE FINANCE INITIATIVE TO JC INTERNATIONAL LEASING, SETTING A PRECEDENT IN CLIMATE CHANGE MITIGATION AND WATER SUSTNABILITY.
Beijing - The Asian Infrastructure Investment Bank IB, dedicated to sustnable infrastructure development in Asia and globally, recently signed its first 'blue' finance loan amounting to USD100 million equivalent currency. This loan was exted to JC International Finance Leasing Co., Ltd JC Leasing, a part of Leg Holdings Corporation.
This innovative 'blue' financing strategy focuses on ocean preservation and improved access to clean water resources, in line with IB's commitment towards greener infrastructure projects. The funds will be allocated for initiatives such as water supply and sanitation, alongside green activities including energy efficiency enhancements, eco-frily transportation solutions, and renewable energy development.
We are proud to initiate this groundbreaking 'blue' loan, which marks a significant milestone in our mission to combat climate change and improve global access to clean water, sd Najeeb Hder, IB's Director General for Project and Corporate Finance Clients. Our objective is to pioneer forward-thinking financing solutions that align with environmental sustnability goals. This pioneering effort underscores our commitment towards climate change mitigation and environmental stewardship.
JC Leasing boasts a broad portfolio of leasing activities across various sectors like advanced manufacturing, power water supply, transportation, education, healthcare, and social services. The IB loan will enable JC Leasing to expand its focus on sustnable development by growing the green and blue finance segments within their portfolio.
The financing adheres to international standards through adoption of Green Loan Principles established by the Loan Market Association, ensuring transparency throughout each stage of project execution including use of funds monitoring and reporting outcomes. This initiative signifies IB's collaboration with the International Finance Corporation IFC in supporting JC Leasing's sustnability eavors.
About IB
IB is headquartered in Beijing and began operations in 2016 with over 109 approved member nations worldwide. Capitalized at USD100 billion and rated AAA by major credit rating agencies, the institution be a key source of financing for infrastructure projects that are environmentally responsible and technologically advanced.
Contact Information
For inquiries or additional information about this initiative:
Lingxiao He
Press Officer IB Media Relations Department,
+86 10 8358 0683
S Eml
For more news articles on IB projects
that any specific detls about JC International Leasing Co., Ltd's current status, operations or financial data are not included in this revised content format as they were not provided. Any such information should be obtned directly from the company for accurate and context-specific updates.
The revised text is crafted to enhance clarity, narrative flow and ensure a professional tone suitable for corporate communications. The content has been designed to highlight IB's role as a leader in sustnable finance innovation and its partnership with JC International Leasing Co., Ltd towards addressing global environmental challenges.
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