London Stock Exchange welcomes the Republic of Korea’s Sovereign Green Bond to the Sustainable Bond Market

London Stock Exchange today welcomes the Republic of Korea issuing their €700mn -0.053% note due October 2026 to London Stock Exchange’s International Securities Market. The deal was more than 6 times oversubscribed, receiving bids in excess of €4.2bn from over 150 accounts.

The €700mn 5-year tranche is Korea’s debut green bond and it was admitted yesterday to our Sustainable Bond Market. This is the first ever Euro denominated green bond or climate bond to be issued by an Asian sovereign.

Net proceeds from the note will be allocated to projects that fall under the Eligible Green Asset Categories in accordance with the Green and Sustainability Bond Framework of The Republic of Korea dated September 2021.

Murray Roos, Group Head of Capital Markets, London Stock Exchange Group plc (LSEG)

Welcome to the Republic of Korea, raising Euro 700 million on London Stock Exchange’s international debt capital markets. This is Korea’s first green bond issuance and the first euro denominated green bond by an Asian sovereign.

Channelling capital to sustainable investment is a powerful paradigm that we, at LSEG, strongly believe in, and Korea is positioning itself to be a true pioneer in sovereign sustainable debt capital markets and we are honoured to support them in this journey.

 

The Republic of Korea now joins multiple other corporate and sovereign Asian issuers which have raised more than 10 billion US dollars on our Sustainable Bond Market.

Quick facts

Track
Market: ISM
Instrument market cap (£m)
-
Listing/Admission to trading
19 Oct 2021
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