Shinhan Card, South Korea’s largest credit card company, has issued 100 billion won ($82.4 million) of ESG bonds.
The firm says funds from the bond, issued in partnership with SK securities, will be used to help the underprivileged, for job creation and for ESG projects such as green energy. The bonds have an average maturity date of 4.6 years and carry a coupon rate of 1.4 percent.
Shinhan Card is the second subsidiary of Shinhan Financial Group to issue ESG bonds, following Shinhan Bank’s $500 million issue of bonds on July 30.