NH Investment & Securities, First Domestic Securities Firm to Issue ESG Bonds
5-Year 110 Billion KRW Scale... Industry's First ESG Bond Issuance
Investment Funds for Green Projects and Social Value Creation
Aligned with NH Nonghyup Financial Group's Vision Declaration, Practicing ESG Management
[Asia Economy Reporter Lee Seon-ae] NH Investment & Securities announced on the 16th that it has issued ESG bonds in the form of public corporate bonds worth 110 billion KRW as part of the systematic execution of NH Nonghyup Financial Group's ESG vision and implementation plan.
The bonds issued this time are the first won-denominated ESG bonds issued by a domestic financial investment company and will be used as investment funds for green projects and social value creation business sectors.
NH Investment & Securities recorded a subscription rate of about 6 times (620 billion KRW) compared to the initial planned amount of 100 billion KRW, thanks to its top-level credit rating in Korea and investors' interest in ESG bonds, and announced that it increased the issuance to a final amount of 110 billion KRW. The corporate bonds issued this time have a maturity of 5 years and an issuance interest rate of 1.548%.
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Meanwhile, NH Nonghyup Financial declared the ‘ESG Transformation 2025’ vision on the 3rd, aiming to leap forward as an eco-friendly financial group, accelerating the complete transition to an ESG management system. In line with this, NH Investment & Securities plans to take the lead in practicing ESG management not only through existing ESG management activities such as publishing sustainability reports, issuing ESG investment reports, and holding ESG-related IR events but also by operating ESG councils and dedicated organizations in the future.
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