Busan Bank, First Regional Bank to Issue 100 Billion KRW ESG Bonds
Investment in Businesses Creating Environmental or Social Value
[Asia Economy Reporter Park Sun-mi] BNK Busan Bank announced on the 30th that it has issued Korea's first local bank KRW 100 billion scale won-denominated ESG bonds (sustainability bonds).
ESG bonds are bonds issued for the purpose of socially responsible investment, such as improving Environment, Social, and Governance. The funds raised through bond issuance are invested in projects that create eco-friendly or social value.
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Busan Bank explained that to issue these ESG bonds, it established an internal ESG bond management system that meets the guidelines of the International Capital Market Association (ICMA) and obtained a verification report from Han Young Accounting Corporation, an ESG certification qualified institution.
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