Shinhan Card Surpasses 1.2 Trillion KRW in Cumulative ESG Bond Issuance

Issuance of 200 Billion KRW Bonds at 1.48% Interest Rate
Funds to Be Used for Supporting Financially Vulnerable Groups and More

[Asia Economy Reporter Ki Ha-young] Shinhan Card announced on the 28th that it has issued ESG (Environmental, Social, and Governance) bonds worth 200 billion KRW to support financially vulnerable groups, including customers affected by COVID-19, and to revitalize the economy. With this bond issuance, Shinhan Card's cumulative ESG bond issuance amount since 2019 has reached a total of 1.209 trillion KRW.

The funds raised through this bond issuance are planned to be used for various programs, including business loans for small business owners (applying mid-interest rates) aimed at supporting COVID-19 relief.

Kiwoom Securities participated as the lead underwriter in this bond issuance, which totals 200 billion KRW, with maturities of 23 months for 60 billion KRW, 3 years for 100 billion KRW, and 5 years for 40 billion KRW. Based on high external creditworthiness and excellent asset soundness, an average interest rate of 1.48% was set.

Shinhan Card plans to align with Shinhan Financial Group's ESG strategy of "Eco-friendliness, Co-prosperity, and Trust" by utilizing the funds raised this time to support customers affected by COVID-19 and create social and economic value, thereby establishing itself as a socially responsible company.

A Shinhan Card official stated, "Since issuing the industry's first ESG bonds for COVID-19 financial support, we have continuously promoted bond issuances aimed at supporting socially vulnerable groups and small business owners. Based on the funds raised this time, we will continue efforts to support affected customers and revitalize the economy by utilizing Shinhan Card's big data and digital channels."

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