Hana offers $600M in ESG bonds

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Hana offers $600M in ESG bonds

Hana Bank said Thursday it floated $600 million worth of environment, social and governance (ESG) bonds to help support eco-friendly projects.
 
The dollar-denominated bonds will mature in five years and six months, and carry an annual interest rate of 1.25 percent, or the yield on five-year U.S. Treasurys plus a spread of 0.55 percentage point.
 
ESG bonds are a type of sustainability debt aimed at financing corporate activities in environmentally friendly and sustainable projects.
 
Hana said the bond issuance has been co-managed by Citigroup Global Market Security, Credit Agricole, HSBC, Mitsubishi UFJ Financial Group and Standard Chartered.
 
Global credit appraisers Moody's Investors Service and Standard & Poor's Global Ratings (S&P) have given Hana's ESG bonds "A1" and A+" ratings, respectively, it added.
 
Yonhap
 
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