Study On The Motivation And Benefits Of Green Bond Financing Of Tus EST

Since the 18 th Party Congress,the country has continued to promote green development,people’s concept of ecological civilisation has deepened,and the circular economy of the environmental protection industry has gradually been taken seriously;however,as environmental protection projects are characterised by long construction periods,large investment scales and long payback periods,environmental protection enterprises face difficulties in financing and high financing costs.The development of green finance can guide the flow of capital to the environmental protection industry,promote the development of environmental protection in China and optimise the allocation of resources.As part of the green financial system,China’s green bond market is developing steadily and rapidly.The issuance of green bonds can enable enterprises to obtain low-cost financing and promote the transformation and upgrading of China’s economy.However,there is currently a lack of awareness of green bonds among Chinese enterprises.Therefore,taking Tus EST as the research object,it is of some significance to explore its green bond financing through case study method,literature research method and event research method.This paper takes Tus EST’s issuance of green bond financing as the object of study.Firstly,we read a lot of relevant literature at home and abroad to sort out the motives and benefits of green bond financing.The concept,types and theoretical basis of green bonds are systematically introduced.Secondly,taking Tus EST as the object of study,the motivation of its green bond issue "19 Qidi G2" is studied from four perspectives: meeting project funding needs,reducing financing costs,responding to national policies,and establishing a green reputation.Again,horizontal and vertical comparisons are made through comparative analysis of financial indicators to explore the impact of Tus EST’s green bond financing and to point out the problems.Finally,measures are proposed to address the shortcomings of green bond financing by issuers,and suggestions are made for the government to encourage market players to participate in green bond financing.The green bond financing of Tus EST has,to a certain extent,alleviated the financial pressure brought by the expansion of the enterprise and complied with the development of the green financial system,but the issuing entity should also pay attention to the consideration of the enterprise’s own debt structure,reasonably use green bonds to reduce financing costs,improve the quality of information disclosure,strengthen the follow-up management level of the funds raised and protect the legitimate rights and interests of investors in order to achieve sustainable development.