Banque Internationale à Luxembourg has issued its first euro-denominated “green” loan to Beijing-based China Kangfu International Leasing Co Ltd, certified under European Union green standards, Paperjam has learned. The agreement, signed in Luxembourg, marks China Kangfu’s entry into the European green finance market.
The transaction was disclosed in a report by Bil’s majority shareholder, Legend Holdings, which confirmed that the loan had been disbursed and was accompanied by advisory services. Specific financial terms, including the loan amount, were not disclosed.
A Bil representative confirmed the loan to Paperjam, stating that the bank was “honoured to have partnered with China Kangfu International Leasing on its first green loan,” and explained that the deal represented “the first green bilateral facility aligned with EU taxonomy arranged by Bil for a Chinese client.” According to the bank, the proceeds were “specifically used for the investment in and refinancing of clean energy assets that meet both the EU Taxonomy and the client’s green finance framework.”
Bil also confirmed its role in providing green structuring and framework advisory services. “Bil also provided green structuring and framework advisory services and guided China Kangfu International Leasing in the development of its green finance framework,” the representative added.
According to Legend Holdings, the loan was independently assessed by DNV Business Assurance, which validated its classification as green finance and confirmed the exclusive allocation of funds to clean energy initiatives. Paperjam has contacted DNV for further comment.
Legend Holdings further noted that this was the first time Bil had extended green finance advisory services to a Chinese company, underlining its growing involvement in international sustainable finance. China Kangfu, founded in 1988, is active in three core sectors: power generation, power usage and energy storage.
“Looking ahead, Bil will actively support high-quality Chinese green assets in gaining recognition in international capital markets,” Legend Holdings stated.