Shinhan Card Issues 100 Billion KRW ESG Bonds: "Leading Carbon Emission Reduction"

The Second Green Bond Following the 80 Billion Won Issuance Last May

[Asia Economy Reporter Ki Ha-young] Shinhan Card announced on the 24th that it has issued ESG (Environmental, Social, and Governance) bonds worth a total of 100 billion KRW to reduce carbon emissions through the early spread of eco-friendly vehicles and to promote environmentally friendly activities.

Based on Shinhan Card's high external creditworthiness and excellent asset soundness, the bonds were issued with a 3-year maturity and an interest rate of 2.478%.

This ESG bond is a green bond issued to raise funds for investment in eco-friendly business sectors such as renewable energy, electric vehicles, and high-efficiency energy. The raised funds will be used for programs aimed at reducing carbon emissions, such as supporting low-interest financial products for customers purchasing eco-friendly vehicles like electric cars.

In May, Shinhan Card issued green bonds worth 80 billion KRW to support the purchase of eco-friendly vehicles and participated in the K-EV100 zero-emission vehicle transition project led by the Ministry of Environment. By 2030, it plans to gradually convert its company vehicles, including long-term rental and auto lease vehicles, to eco-friendly vehicles, actively pursuing financial policies in line with Shinhan Financial Group's mid- to long-term eco-friendly strategy, "Zero Carbon Drive."

A Shinhan Card official stated, "With this ESG bond issuance, we have secured the sustainability of green bond issuance for environmental improvement and can actively carry out activities to reduce carbon emissions through finance."

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