K-Water turns on tap for green bonds

Tap_glass_water_flow_Fotolia_230x150
By Morgan Davis
09 May 2018

Investors poured into Korea Water Resources Corp’s $300m green bond on Tuesday, satiating their thirst after a rare offering from the state-owned issuer. The deal got a boost of liquidity after the bookrunners tapped a growing pool of green-focused investors.

K-Water’s deal is the first green bond this year from South Korea, a country that has so far been a rather irregular presence in the otherwise booming market for environmental financing. There had been only five deals before K-Water’s foray into the market: two last year, two in ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial