NH Nonghyup Capital Issues 100 Billion KRW ESG Bonds... "Plan to Support Low-Credit Borrowers"
[Asia Economy Reporter Song Seung-seop] NH Nonghyup Capital announced on the 18th that it has issued ESG (Environmental, Social, and Governance) bonds worth 100 billion KRW as social bonds.
This social bond is the second ESG bond issued this year. In July, it also issued 100 billion KRW aimed at agricultural workers and low-income financial services.
The issuance was conducted with maturities of 1 year (30 billion KRW), 1 year and 6 months (30 billion KRW), and 2 years and 6 months (40 billion KRW). The coupon rates for the 1-year bonds are 1.811%, 2.029%, and 2.314%, respectively.
The issued bonds will be used to support middle- and low-credit borrowers who are financially marginalized.
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Park Tae-seon, CEO of NH Nonghyup Capital, stated, “We will strive to create social value by providing financial services to low-income groups through the issuance of ESG bonds.”
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