SK Securities to Lead KB Kookmin Card ESG Bond Issuance Worth 100 Billion KRW

Financial Support for Small Franchise Stores Affected by COVID-19

[Asia Economy Reporter Eunmo Koo] SK Securities announced on the 9th that it participated as the lead underwriter in the issuance of KB Kookmin Card's ESG bonds worth 100 billion KRW.

The bonds were issued in a total amount of 100 billion KRW, consisting of 60 billion KRW with a maturity of 3 years and 1 month, and 40 billion KRW with a maturity of 4 years. The proceeds will be used to support small and medium-sized merchants affected by the COVID-19 pandemic. Previously, SK Securities also underwrote Shinhan Card's ESG bonds worth 100 billion KRW in May to support financially vulnerable groups.

Since 2018, SK Securities has led the domestic ESG bond issuance market by participating as lead underwriter and underwriting syndicate in 17 cases from 14 companies, totaling 26.2 trillion KRW in ESG bonds. In particular, it has served as sole lead underwriter in major won-denominated ESG bond deals for Korea Southern Power, IBK Industrial Bank, Woori Card, and Shinhan Card.

An SK Securities official explained, "SK Securities has focused on green climate finance businesses such as renewable energy and carbon finance as future new growth engines, and as a result of long-term investment, it is standing out in the ESG bond market."

This content was produced with the assistance of AI translation services.