NH Nonghyup Bank announced on July 31 that it has issued Korean green bonds worth 100 billion won at an interest rate of 3.69%.
This issuance marks the first Korean green bond in nearly three years since 2023, aimed at expanding eco-friendly finance and supporting the transition to a sustainable green economy. The bonds, which have a one-year maturity, comply with the Korean green taxonomy (K-Taxonomy), and the funds raised will be fully utilized for eco-friendly projects, including the purchase of zero-emission vehicles for leasing and rental purposes.
Nonghyup Bank has also secured 200 million won in interest subsidies through the "Korean Green Bond Issuance Interest Subsidy Support Project" promoted by the Korea Environmental Industry and Technology Institute. This support will help reduce the costs associated with the bond issuance and enhance the efficiency of eco-friendly financial support. The move may signal a broader resumption of green bond issuances across the financial sector.
A representative from NH Nonghyup Bank stated, "The issuance of this Korean green bond is a significant step toward expanding eco-friendly finance and practicing ESG management," emphasizing the bank's commitment to leading the realization of carbon neutrality through increased green finance and socially responsible investments.
This issuance marks the first Korean green bond in nearly three years since 2023, aimed at expanding eco-friendly finance and supporting the transition to a sustainable green economy. The bonds, which have a one-year maturity, comply with the Korean green taxonomy (K-Taxonomy), and the funds raised will be fully utilized for eco-friendly projects, including the purchase of zero-emission vehicles for leasing and rental purposes.
Nonghyup Bank has also secured 200 million won in interest subsidies through the "Korean Green Bond Issuance Interest Subsidy Support Project" promoted by the Korea Environmental Industry and Technology Institute. This support will help reduce the costs associated with the bond issuance and enhance the efficiency of eco-friendly financial support. The move may signal a broader resumption of green bond issuances across the financial sector.
A representative from NH Nonghyup Bank stated, "The issuance of this Korean green bond is a significant step toward expanding eco-friendly finance and practicing ESG management," emphasizing the bank's commitment to leading the realization of carbon neutrality through increased green finance and socially responsible investments.
* This article has been translated by AI.
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