KB Kookmin Bank Issues 100 Billion KRW Green Bonds
Fixed Interest Rate 0.89% with 1-Year Maturity
[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 17th that it has issued 100 billion KRW worth of won-denominated green bonds.
The bonds issued this time complied with the procedures and standards of the 'Green Bond Guidelines' issued by the Ministry of Environment in December last year. KB Kookmin Bank plans to use the funds raised through the green bond issuance to support domestic low-carbon green projects such as solar power generation and wind power generation.
The bonds have a maturity of one year and a fixed interest rate of 0.89%. Detailed usage of funds and contributions to environmental improvements will be posted on the website through an investor notice in the future.
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Meanwhile, KB Kookmin Bank received certification through Deloitte Anjin that meets international guidelines and the green bond guidelines established by the Ministry of Environment. A Kookmin Bank official said, "As a financial institution leading ESG (Environmental, Social, and Governance), we plan to continuously issue ESG bonds, including green bonds, to support eco-friendly projects."
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