On May 27, COSCO SHIPPING Energy Transportation Co., Ltd. (600026.SH / 01138.HK) successfully issued its 2026 First Tranche Medium-Term Note (Sustainability-Linked) in the interbank bond market. The bond is abbreviated as 26 COSCO SHIPPING Energy MTN001 (SL). The note carries an issue size of RMB 2.5 billion, a 10-year tenor, an issuer credit rating of AAA, and a coupon rate of 2.06%.

This is the first sustainability-linked bond issued in China’s shipping industry. Proceeds from the issuance will primarily support the optimization of the Company’s fleet structure across oil tankers, LNG, LPG and chemical carriers, while accelerating the build-out of clean-energy vessels, thereby providing long-term financial backing for both energy transport security and the green, low-carbon transition.

The bond interest rate is directly linked to the company’s sustainability performance target (SPT), demonstrating its firm commitment to green development and to achieving high-quality growth during China’s 15th Five-Year Plan period. As a pioneer of ESG practices in China’s shipping industry, COSCO SHIPPING Energy has published sustainability reports for 18 consecutive years. In green-finance innovation, the company has successively completed China’s first ESG-linked syndicated loan in the shipping industry and the country’s first transition finance loan. The issuance of this sustainability-linked bond is another innovative practice that deepens its green-finance strategy and uses capital-market discipline to advance the green transition.

Seizing this opportunity, the Company will continue to strengthen green finance innovation, broaden diversified financing channels, accelerate the build-out of green, low-carbon vessels and the renewal of aging fleet capacity, advancing toward its goals of “2030 Carbon Peak, 2050 Carbon Neutrality”.