Korea Development Bank raises $300 million from Green Bonds

The Korea Development Bank (KDB) has issued green bonds worth $300 million due in 2022. This is the first time that KDB has offered green bonds. Bank of America Merrill Lynch, Crédit Agricole CIB and HSBC acted as joint bookrunners in the offering. Asian investors bought 46 per cent of the bonds, European investors purchased 18 per cent and US investors accounted for the remaining 36 per cent. Asset management firms and pension funds accounted for 40 per cent, followed by banks accounting for 37 per cent, and international financial institutions and central banks 23 per cent each.

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