Hanacard Issues ESG Bonds Worth 200 Billion Won

Financial Support for Small and Micro Franchisees
Plans to Invest in Eco-Friendly and Renewable Energy Businesses in the Future

[Asia Economy Reporter Ki Ha-young] Hana Card announced on the 30th that it issued ESG bonds worth 200 billion KRW on the 27th to create various social values such as financial support for small and micro merchants in line with Hana Financial Group's strengthened Environmental, Social, and Governance (ESG) value management.

The ESG bonds issued by Hana Card this time saw significant participation from domestic ESG bond investors such as pension funds and ESG funds, totaling 200 billion KRW with ▲70 billion KRW maturing in 3 years ▲70 billion KRW maturing in 4 years ▲60 billion KRW maturing in 4.5 years. The bonds received management system certification from Deloitte Anjin LLC, an ESG qualification certification institution.

Since Hana Card issued the entire ESG bonds as long-term bonds with maturities of over 3 years, it expects stable use of funds for creating social value, including ▲financial support for small and micro merchants ▲financial support for vulnerable groups such as customers affected by disasters and calamities ▲startup company support projects ▲financial services related to eco-friendly transportation.

A Hana Card official said, "The ESG bonds issued for the first time by Hana Card consist solely of stable long-term bonds and were issued at rates lower than the market average interest rate, so we expect positive effects in terms of funding costs." He added, "Through this ESG bond issuance, we aim to create various public benefits and diversify our business, and we will continue to grow Hana Card's ESG management in the future."

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