South Korean government-owned financial institution Korea Development Bank (KDB) has issued its inaugural Green Bonds to raise US$300 million.
Proceeds will be used for financing or refinancing projects related to the development, construction, or expansion of renewable energy, including solar, wind and biomass projects.
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The issuance received demand from accounts across Asia, Europe and the US. It was also oversubscribed more than two-fold. Bank of America Merrill Lynch, Crédit Agricole CIB and HSBC acted as the joint bookrunners in the offering.