Mirae Asset Securities, Lead Manager for Korea Electric Power Won-Denominated ESG Bonds for 3 Consecutive Years

[Asia Economy Reporter Song Hwajeong] Mirae Asset Securities announced on the 4th that it successfully completed the issuance as the lead underwriter of Korea Electric Power Corporation's (KEPCO) Korean won sustainable bonds.

This issuance marks the third consecutive year of sustainable bond issuance by the largest domestic energy public enterprise, with a total size of 400 billion KRW. By maturity, it consisted of 250 billion KRW for 1-year bonds, 50 billion KRW for 2-year bonds, and 100 billion KRW for 5-year bonds. The issuance yields were 1.627% for 1-year, 2.133% for 2-year, and 2.528% for 5-year bonds, all issued below KEPCO's average market price across all maturities, reflecting strong market demand.

Jeon Gwi-hak, Head of the Bond Solutions Division at Mirae Asset Securities, stated, “Despite ongoing financial market uncertainties due to the domestic base interest rate hike trend, US tapering (asset purchase reduction), and global inflation concerns, the issuance was successfully completed with high interest from major domestic institutional investors.”

Additionally, a representative involved in this issuance commented, “Mirae Asset Securities, which was the lead underwriter for Korea Western Power's Korean won green bonds recently, has successfully served as the lead underwriter for KEPCO's Korean won ESG (Environmental, Social, and Governance) bonds for three consecutive years.” They evaluated this as “a decisive deal that established Mirae Asset Securities as a frontrunner in underwriting sustainable bonds for domestic energy public enterprises.”

This content was produced with the assistance of AI translation services.