Credit: LuxSE

The Luxembourg Stock Exchange (LuxSE) has announced that it celebrated the listing of the Chinese aviation group’s first international green bond on Friday 21 June 2024, during a special Ring the Bell ceremony in the presence of the Governor of the Henan Province, LuxSE and Henan Civil Aviation Development & Investment Co Ltd (HNCA).

As part of an official visit by a high-level delegation from the Chinese province of Henan and its aviation industry to Luxembourg this week, the Luxembourg Stock Exchange (LuxSE) and Henan Civil Aviation Development & Investment Co Ltd (HNCA) took part in the Ring the Bell ceremony to mark HNCA’s debut in international capital markets with a ¥200 million green bond aimed at transitioning towards a more sustainable aviation industry, LuxSE noted.

The aviation industry can and must play an important role in creating a more low-carbon future. As a leader in the field of sustainable finance, we are delighted to welcome HNCA to the Luxembourg Stock Exchange and Luxembourg Green Exchange with this important green bond. This issuance underpins HNCA’s commitment to creating a more sustainable aviation industry, and we look forward to supporting its efforts in the future as we continue to help finance the decarbonisation of the transportation industry,” said Julie Becker, CEO of LuxSE.  

Leading the way in sustainable aviation

HNCA’s inaugural green bond also marks its debut in international capital markets, making it the first Chinese entity to issue a green bond focusing on sustainable aviation fuel among other key sustainable projects.

Projects to be financed through this ¥200 million bond include the research, production and manufacturing of sustainable aviation fuel, Cargolux’s Sustainable Aviation Fuel Programme, and the construction of a green building project that will become the Group’s Aviation Training Centre.

 “This bond issuance marks an important moment in HNCA’s continuous efforts to strengthen its cooperation with the Luxembourg Stock Exchange and the Grand-Duchy as a whole. We look forward to further collaborating to mobilise international capital to support the development of a more sustainable aviation industry and the development of the Henan Province,” said Zhang Mingchao, Party Secretary and Chairman of HNCA.

Building on Luxembourg-China cooperation

In 2014, HNCA completed the purchase of a 35% stake in Luxembourg’s flag carrier cargo airline, Cargolux. Since then, HNCA has continued to work closely with key actors in Luxembourg to further connect the Grand-Duchy with mainland China - a move that today has expanded into sustainable finance for the aviation sector through the listing of its inaugural green bond at LuxSE.

The Ring the Bell ceremony was organised in the context of an official visit by a high-level delegation from the Henan Province to Luxembourg, which included the Second Zhengzhou-Luxembourg Air Silk Road International Cooperation Forum at LuxExpo on Thursday 20 June, in which Vice Premier of the People’s Republic of China Ding Xuexiang, Deputy Prime Minister of Luxembourg Xavier Bettel and LuxSE’s CEO Julie Becker were in attendance, LuxSE concluded.

More information about HNCA’s bond is available at following link: