Mercury Issues $2 Billion Global Green Bond

Issuance Funds Fully Utilized to Support Green New Deal Projects

[Asia Economy Reporter Kim Jin-ho] The Export-Import Bank of Korea announced on the 13th that it has successfully issued a total of 2 billion USD in global green bonds targeting investors worldwide. Green bonds are special-purpose bonds that restrict the use of funds raised through bond issuance to support low-carbon and eco-friendly industries such as alternative energy and climate change response.

On the 11th, the bank issued 850 million euros in euro-denominated bonds with a 3-year maturity, followed by the sequential issuance of 1 billion USD in US dollar-denominated bonds with a 7-year maturity on the 12th. The funds raised will be used to support Korean companies' green new deal projects, including renewable energy, in accordance with the bank’s ESG bond framework.

The bank evaluated this issuance as a continuation of the momentum from successful foreign currency bond issuances, reaffirming strong trust and investment demand from overseas investors in the Korean economy. In particular, it noted that investments from central banks, sovereign wealth funds, and international organizations accounted for 45%, confirming investors’ trust in the bank’s bonds as safe assets and their high interest in green bonds.

A bank official stated, “Following the government’s foreign currency bond issuance, the successful issuance of the bank’s global bonds is expected to provide benchmarks for various maturities to institutions planning to issue US dollar and euro bonds in the future, contributing to reducing foreign currency funding costs.” He added, “We plan to lead the activation of domestic and international ESG bond markets and actively attract global ESG quality investors through a total issuance of 20 billion USD in ESG bonds by 2030.”

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