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KDB floats 200 bln won in green bonds

Finance 14:50 September 29, 2020

SEOUL, Sept. 29 (Yonhap) -- The state-run Korea Development Bank (KDB) said Monday it has locally issued green bonds worth 200 billion won (US$171 million).

The won-denominated green bonds, which were sold to domestic institutional investors, will come due in three years and carry an annual interest rate of 1 percent.

Green bonds are designed to raise money to support environmental projects and other eco-friendly infrastructure schemes.

The state development lender said the proceeds will be used to provide financing for low-carbon, green projects, including photovoltaic power generation and eco-friendly transportation.

The headquarters of the Korea Development Bank (KDB) in Seoul (Yonhap)


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