Asian SRI moves beyond green as Lotte sells bond

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By Morgan Davis
02 Aug 2018

It’s not easy being green, but some bond issuers are finding it easier to be sustainable. Global issuers have embraced green bonds, using the funds raised to benefit environmentally-friendly projects. But as more issuers and investors look to align their finances with socially responsible investment options, some issuers are finding the green label to be limiting. Welcome the sustainability bond, writes Morgan Davis.

On Tuesday, South Korea’s Lotte Property and Development Co sold a Kookmin Bank-backed $200m sustainability bond, joining just three other Asian bond issuers —Bank of China (Hong Kong), Korea East West Power Co and Indonesia’s Tropical Landscape Finance Facility — in selling bonds with this label. According to Dealogic, there ...

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