DL E&C Issues First Corporate Bond After Split as 'ESG Bond'

DL E&C headquarters building. (Provided by DL E&C)

[Asia Economy Reporter Kim Hyemin] DL E&C announced on the 21st that it will issue its first corporate bond after the split as an ESG bond. The total amount is 50 billion KRW, and the funds raised through the ESG bond will be used for eco-friendly projects and a win-win cooperation fund.

DL E&C, which was spun off from Daelim Industrial earlier this year, conducted a preliminary certification evaluation through Korea Ratings before issuing the bond and received the highest rating of 'ST1' in the sustainability category. After a demand forecast on the 27th, the bond will be issued on the 4th of next month.

ESG bonds are issued for the purpose of socially responsible investment. The bonds to be issued this time are sustainability bonds combining environmental and social aspects. There are 150 billion KRW in 3-year bonds and 50 billion KRW in 5-year bonds. Among these, 50 billion KRW of the 5-year bonds will be issued as ESG bonds. Depending on the demand forecast results, there are plans to increase the amount up to 150 billion KRW.

DL E&C will use the raised funds for eco-friendly building construction and financial support for partner companies. A DL E&C official said, "We will supply eco-friendly, high-efficiency buildings that reduce greenhouse gas emissions generated during the construction process and have low heating and cooling energy consumption," adding, "The funds will also be used for a win-win cooperation fund to alleviate the financial burden of partner companies."

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