Go to Contents Go to Navigation

KDB issues US$1.2 bln global bonds to finance green projects

Finance 18:45 March 03, 2021

SEOUL, March 3 (Yonhap) -- The state-run Korea Development Bank (KDB) said Wednesday it has issued US$1.2 billion (1.3 trillion won) worth of bonds to foreign investors to raise funds for green business projects.

The lender has sold $300 million worth of three-year debt with floating rates, $400 million three-year debt with fixed rates, and $500 million 5 1/2-year debt with fixed rates, KDB officials said.

The proceeds will be spent on rechargeable battery, renewable energy and other Green New Deal projects, they added.

Send Feedback
How can we improve?
Thanks for your feedback!