Hantoo Securities Wins 'Best Sustainable-Linked Bond' Award in Indonesia

Korea Investment & Securities announced on the 13th that its Indonesian subsidiary (KISI) received the ‘Best Sustainability-Linked Bond 2024’ award at a ceremony hosted by Alpha Southeast Asia, a Southeast Asian investment-focused media outlet.

From the left in the photo: Johannes W. Edward Spindo, Chief Strategy Officer (CSO); Siddiq Bazarwala, CEO of AlphaSouth East Asia; Nam Kyung-hoon, Head of Indonesia Branch at Korea Investment & Securities. Provided by Korea Investment & Securities. Photo by Korea Investment & Securities

Last year, KISI successfully co-led the issuance of the ‘Sustainability-Linked Bond’ for Spin-do, Indonesia’s largest steel manufacturer, together with major local securities firms. This was Indonesia’s first sustainability-linked bond issuance, with a total issuance size of 1 trillion rupiah (approximately 89 billion KRW). Notably, it attracted attention by receiving a full payment guarantee from CGIF, an institution under the Asian Development Bank (ADB), and obtaining a AAA rating from Pepindor, Indonesia’s leading credit rating agency.

Nam Kyung-hoon, head of KISI, said, "This award proves that Korea Investment & Securities is playing a leading role in the Indonesian bond market," adding, "We will continue to strengthen our position in the Indonesian financial market through balanced growth in both retail and investment banking (IB) sectors."

Korea Investment & Securities entered the local market in 2018 by acquiring Danpak Securities, a small Indonesian securities firm. Since then, it has introduced an advanced Korean-style stock trading system to establish a retail sales framework.

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