Final week, Shinhan Financial institution priced a USD 500m issuance, with a ten yr maturity, constituting Korea’s first Local weather-Bonds-Initiative-Licensed inexperienced bond.
BNP Paribas, Citigroup, Crédit Agricole CIB, Credit score Suisse, HSBC, JP Morgan, and Shinhan Funding Company, all acted as joint lead managers throughout the issuance.
Proceeds from the bonds can be used to refinance present initiatives Seoul Metro Line 9 and the Nice Prepare eXpress GTX Line A, each of which contain inexperienced finance commitments, with particular standards on CO2 emission thresholds that contribute in direction of the market’s internet zero goal by 2050.
The initiatives embrace passenger rail rolling inventory, rail transport…
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