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
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.