KB Capital Issues 300 Billion KRW 'ESG Bonds'

Eco-friendly Vehicles, Aimed at Supporting Financially Vulnerable Groups

[Asia Economy Reporter Ki Ha-young] KB Capital announced on the 8th that it has issued ESG (Environmental, Social, and Governance) bonds worth 300 billion KRW aimed at eco-friendly vehicles and financial support for vulnerable groups.

The funds raised will be used for eco-friendly vehicle financial services to reduce greenhouse and harmful gas emissions, financial support for vulnerable groups, and the supply of affordable housing.

The issuance scale is ▲60 billion KRW bonds maturing in 2 years and 1 month ▲50 billion KRW bonds maturing in 2 years and 5 months ▲70 billion KRW bonds maturing in 2 years and 6 months ▲20 billion KRW bonds maturing in 2 years and 7 months ▲50 billion KRW bonds maturing in 3 years ▲30 billion KRW bonds maturing in 4 years ▲20 billion KRW bonds maturing in 5 years, totaling 300 billion KRW. The coupon rates are 1.634% per annum for the 2 years 1 month bonds, 1.734% for 2 years 5 months, 1.759% for 2 years 6 months, 1.770% for 2 years 7 months, 1.840% for 3 years, 1.915% for 4 years, and 2.098% for 5 years.

Hwang Su-nam, CEO of KB Capital, said, "Through this ESG bond issuance, we expect ESG management, including leading ESG-based sustainable management and promoting eco-friendly finance, which are among KB Financial Group's core management strategies, to accelerate further." He added, "We will continue to make our best efforts to practice environmental and social responsibility that can create social value in various forms."

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