Kookmin leads the way with sustainability bond

hanbok px230
By Addison Gong
18 Oct 2018

Kookmin Bank issued the first sustainability bond from a South Korean financial institution on Tuesday, raising $300m from a deal that was covered more than six times.

The A1/A+/A rated issuer’s bond came close on the heels of Korea Expressway Corp’s $300m transaction on Monday. Before KEC, the only Korean issuer to come to the dollar market in the past two months was the sovereign with a dual-tranche transaction.

The rarity value — ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial