Connect with us

Hi, what are you looking for?

CleanTechnica

Green Economy

Export Import Bank Of Korea Raises $400 Million Through Green Bonds

The Export Import Bank of Korea returned to the global green bonds market after a gap of three years to successfully raise $400 million.

One of the pioneers of the green bonds market in Asia, the Export Import Bank of Korea (Kexim) recently raised $400 million, offering investors bonds for a 5-year period with semi-annual coupon rate of 2.125%. The offer met with overwhelming response from prospective investors who were willing to pour in $1.1 billion, or about three times the offer size.

Kexim was among the first Asian banks to launch green bonds when its raised $500 million in 2013. The bank has dispersed all funds raised from the first issue and had been looking to float a fresh offer.

The investor mix in the new offer was in complete contrast to that in the first offer. European and American investors were the dominant entities in the 2013 offer, while in the new offer 48% of the investors were from Asia, 35% from Europe, and 17% from the US. The trend is indicative of the emergence of the developing economies in the global green bonds market.

The green bonds issue came at a time when equity markets around the world are facing a meltdown. No wonder that investors are looking to safer investment avenues which bodes well for banks, multilateral financial institutions and companies looking to raise funds through green bonds. 

 

Advertisement
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

You May Also Like

Cars

Hyundai plans new EV factories in South Korea.

Cars

This piece continues my annual rundown of the top 10 EV countries in the world! See part 1 if you missed it. By Assaf Oron...

Clean Transport

For GM’s all-electric future plans, 500 Korean engineers are currently working on global EV programs with the Ultium platform, and the number will be...

Clean Power

I recently interviewed Assaad Razzouk, CEO of Gurin Energy and host of “The Angry Clean Energy Guy” podcast, for CleanTech Talk, and — wow...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.