Hana Bank Successfully Issues ESG Bonds Worth 600 Million USD

[Asia Economy Reporter Kiho Sung] Hana Bank announced on the 10th that it has successfully issued ESG (Environmental, Social, and Governance) bonds (sustainability bonds) worth 600 million dollars.

Hana Bank's ESG bonds this time are a combination of green bonds and social bonds, and are U.S. dollar-denominated public bonds issued about 2 years and 6 months after the 600 million dollar public bond issuance in January 2019.

The issued bonds are U.S. dollar-denominated senior unsecured fixed-rate bonds with a maturity of 5.5 years and a coupon rate of 1.25%, which is 0.55% above the 5-year U.S. Treasury yield. The issuance was jointly led by Citigroup Global Markets Securities, Cr?dit Agricole, HSBC, MUFG, and Standard Chartered. The bonds received ratings of ‘A1’ and ‘A+’ from international credit rating agencies Moody’s and Standard & Poor’s, respectively.

A Hana Bank official stated, “The funds raised from this issuance will be used in accordance with the purpose of the bond issuance, such as domestic and international eco-friendly projects and support for vulnerable groups,” and added, “We will continue to raise funds through ESG bonds to actively practice ESG management in the future.”

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