Shinhan continues sustainability momentum

Green
By Morgan Davis
15 Apr 2021

South Korea's Shinhan Bank became the latest Asian bank to sell a sustainability bond this month. It raised $500m from its transaction, but felt some pressure from the risk-off sentiment in the region’s credit market.

The A3/A+/A rated bank's transaction follows Bank Mandiri's $300m debut sustainability bond sale earlier in the week. Last week, Singapore's United Overseas Bank also sold its first sustainably bond, bagging $1.5bn from the senior-subordinated combination sale.

Shinhan's deal this week was not its first, ...

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