ANZ Bank has announced its role as a mandated lead arranger, sustainability coordinator, and lender in Geely Automobile's first sustainable loan. The three-year loan, totaling $400 million, involves participation from six other foreign banks. The funds will be directed towards the advancement of Geely's new energy vehicle technology, model research and development, and production.
This financing marks the first under Geely Automobile's Sustainable Finance Framework released in May. The framework provides guidance for future issuance of green, social, and sustainable bonds and loans.
Wu Xun, General Manager of ANZ China's Corporate Finance Department, stated: "In the context of achieving 'dual carbon' goals, we are honored to collaborate with Geely Automobile on their first financing under the Sustainable Finance Framework to achieve sustainable development goals. In this cooperation, ANZ utilized its leading experience in sustainable finance globally to provide financial consulting and services for transformation across supply chain, manufacturing, and usage ends."
For media inquiries:
Elsa Huang
Director of Public Relations
Australia and New Zealand Banking Group (China) Limited
Phone: +86-21-6169 6002
Email: elsa.huang@anz.com
About Geely Automobile:
Geely is a leading automotive manufacturer headquartered in Hangzhou. Founded in 1997 as a subsidiary of Zhejiang Geely Holding Group, it employs over 50,000 people with manufacturing plants and R&D centers worldwide. Geely emphasizes sustainability and carbon reduction as strategic goals.
About ANZ Bank:
Founded in 1835 and headquartered in Melbourne, ANZ operates across 32 countries. It entered China in 1986 as the only locally incorporated Australian bank with branches in major cities like Shanghai and Beijing.
According to Bloomberg data and ANZ records from 2021, ANZ participated in approximately 5% of global sustainable finance transactions. Recognized as a market leader in Australia-New Zealand-Asia Pacific regions for sustainable finance business by Coalition Greenwich reports.