Rare IG supply as Shinhan adds SDG label to bank capital deal

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By Morgan Davis
16 Apr 2019

South Korea’s Shinhan Bank sold Asia’s first dollar-denominated UN Sustainable Development Goals-linked bond on Monday, raising $400m from the Basel III-compliant tier two deal.

South Korea issuers have been leading the charge for new green products, with Kookmin Bank’s tier two sustainability labeled deal as the most recent example. Kookmin’s transaction, which raised $450m in January, was a first for bank capital in the region. Only a handful of social, green ...

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