Hanacard Issues ESG Bonds Worth 100 Billion Won

[Asia Economy Reporter Oh Hyung-gil] Hana Card announced on the 23rd that it has issued ESG bonds worth 100 billion KRW to create social value, including financial support for small and micro merchants, in line with Hana Financial Group's efforts to strengthen ESG (Environmental, Social, and Governance) value management.

Domestic ESG bond investors such as pension funds, financial institutions, and ESG funds participated, with a total of 100 billion KRW consisting of 70 billion KRW with a 3-year maturity and 30 billion KRW with a 4.5-year maturity. This is the second issuance just three months after the first ESG bond issuance of 200 billion KRW in November 2020.

Hana Card expects that by issuing all bonds as long-term bonds with maturities of over three years, stable use of funds for creating social value will be possible, including financial support for small and micro merchants, financial support for vulnerable groups such as customers affected by disasters and calamities, and future support projects for startups related to eco-friendly and renewable energy.

A Hana Card official said, "This is an extension of our participation in Hana Financial Group's ESG management," adding, "We plan to issue additional ESG bonds within this year, aiming to create various public benefits and diversify our business, and to continuously grow Hana Card's ESG management in the future."

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