SK Securities to Lead 100 Billion KRW Shinhan Card ESG Bond Offering

[Asia Economy Reporter Eunmo Koo] SK Securities announced on the 27th that it participated as the lead underwriter in the issuance of Shinhan Card's ESG bonds worth 100 billion KRW. ESG bonds are special-purpose bonds aimed at public interest, focusing on increasing social value among environmental, social, and governance (ESG) factors.

This ESG bond issuance totaled 100 billion KRW, consisting of 50 billion KRW with a 3-year maturity and 50 billion KRW with a 5-year maturity, issued at an average interest rate of 1.51%. The proceeds will be used to support financially vulnerable groups affected by the COVID-19 pandemic.

SK Securities has contributed to the activation of the ESG bond market by leading the issuance of Korea's first Industrial Bank of Korea won-denominated green bonds, as well as green bonds worth 100 billion KRW for Korea Southern Power, sustainable bonds worth 300 billion KRW for Industrial Bank of Korea, and social bonds worth 100 billion KRW for Woori Card.

An SK Securities official stated, “Recently, we became the first in the financial sector to complete overseas external project certification for emission rights, setting the standard for the domestic carbon finance market. We will expand green finance projects and play a leading role in the domestic ESG bond market to create public value.”

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