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KDB floats 200 bln won in green bonds

KDB floats 200 bln won in green bonds

Sep 29, 2020

Seoul (South Korea), September 29: The state-run Korea Development Bank (KDB) said Monday it has locally issued green bonds worth 200 billion won (US$171 million).
The won-denominated green bonds, which were sold to domestic institutional investors, will come due in three years and carry an annual interest rate of 1 percent.
Green bonds are designed to raise money to support environmental projects and other eco-friendly infrastructure schemes.
The state development lender said the proceeds will be used to provide financing for low-carbon, green projects, including photovoltaic power generation and eco-friendly transportation.
Source: Yonhap News Agency