SK Securities to Lead 100 Billion KRW Busan Bank ESG Bond Offering
The First Domestic Regional Bank to Underwrite ESG Bonds
[Asia Economy Reporter Eunmo Koo] SK Securities announced on the 30th that it participated as the lead underwriter in the issuance of a 100 billion KRW Busan Bank ESG bond (sustainability bond). This is the first ESG bond issuance by a domestic regional bank in Korea.
This bond has obtained a verification report from Han Young Accounting Corporation, an ESG-certified qualified institution, and the proceeds will be used for eco-friendly projects related to the Green New Deal and the promotion of green finance, as well as supporting local small business owners and other regional issues.
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SK Securities has been leading the domestic ESG bond market, starting with the Industrial Bank of Korea's green bond, the first won-denominated ESG bond in Korea. In particular, it has served as the lead underwriter for ESG bond issuance deals for IBK, Kookmin Bank, Korea South-East Power, Woori Card, Shinhan Card, Hyundai Card & Capital, KB Kookmin Card, and KB Financial Group.
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