NH Bank raises Covid-linked debt

Dollar_Covid_Adobe_16June
By Morgan Davis
14 Jul 2020

South Korea’s NongHyup Bank (NH Bank) added to the flow of Covid-19 linked bonds from Asia on Monday. It raised $500m from a five year social bond.

NH Bank’s transaction follows the trend of other South Korean banks selling social bonds with the intention of raising funds for companies and individuals affected by the pandemic. Shinhan Financial Group sold a similar bond last week, raising $500m.

The proceeds from NH Bank’s five ...

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