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Hyundai Shipyard Sells $300m in Green Bonds – Korea Herald

Hyundai Heavy Industries said proceeds from the green-bond sale would be used to finance eco-friendly vessels and set up sustainable growth based on ESG management


Hyundai Heavy Industries says it will use the $300m to build eco-friendly vessels and to fund its ESG operations. File photo: Reuters.

 

Major South Korean shipyard Hyundai Heavy Industries (HHI) said on Tuesday it has sold green bonds worth $300 million to overseas investors. Its first overseas public sale of five-year green bonds was guaranteed by the state-run Korean Development Bank and had 42 Asian, European and Middle Eastern institutions as subscribers, the shipyard said.

HHI said the proceeds from the green-bond sale would be used to finance eco-friendly vessels and set up a system of sustainable growth based on environment, social and governance management.

Read the full story: Korea Herald

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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