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.
'Half-success' of rocket launch creates new tasks for S. Korea's space program
EU's probe suspension leaves S. Korean shipbuilders' biz combination in limbo
S. Korean companies go big on future of hydrogen
Theaters abuzz with return to pre-pandemic level
Kakao, Naver in neck-and-neck race for 3rd most valuable firm in S. Korea