Shinhan Financial Group and Hanwha Solutions Successfully Issue and Underwrite 100 Million Euro Green Bonds
[Asia Economy Reporter Kwangho Lee] Shinhan Financial Group announced on the 13th that it successfully issued and underwrote a 5-year maturity green bond worth 100 million euros (approximately 140 billion KRW) for Hanwha Solutions.
Shinhan Financial issued the offshore green bond through Shinhan Hong Kong GIB, based on the fact that Hanwha Solutions received ESG (Environmental, Social, and Governance) certification from the global sustainability rating agency Sustainalytics.
Additionally, Shinhan Financial successfully underwrote the green bond by attracting participation from high-quality investors, including foreign and domestic financial institutions with strong interest in ESG.
Hanwha Solutions plans to continuously expand investments in ESG, such as renewable energy projects for carbon neutrality, using the funds raised through the green bond.
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A Shinhan Financial official stated, "Based on Shinhan Financial's ESG management and foreign currency bond issuance experience, we were able to underwrite with more competitive financial terms compared to other financial companies," adding, "Shinhan Financial will lead the ESG bond market based on this green bond issuance experience."
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