On July 30, 2019 Pulse reported that “South Korea’s Shinhan Financial Group has successfully sold $500 million in green and sustainability bonds with a maturity of in 10 years and 6 months, becoming the country’s first financial holding firm to issue foreign currency-denominated contingent convertible bonds meeting the Basel III capital requirements.
Shinhan Financial Group said it
will use the proceeds to carry out various environment, social, governance
(ESG)-related projects in line with its environment vision called ECO
Transformation 2020.
The bank said the latest bond sale represents a significant step towards
diversification in the bond market from Asia to the U.S., expanding the scope
of its interaction with investors regarding its wide-ranging sustainable
business programs. Shinhan Financial Group also plans to find new business
opportunities in the ESG sector as new growth drivers.”
You may read the article on the Pulse internet site.