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Korea Development Bank issues 400B won of social bonds

Korea Development Bank issued 400 billion South Korean won of social bonds Oct. 21, FNTIMES reported.

The domestic offering comprised 200 billion won of one-year bonds with a coupon of 1.38% and 200 billion won of 2.5-year bonds with a coupon of 1.49%.

The South Korean policy bank has so far raised 1.4 trillion won from won-denominated ESG, or environmental, social and governance, bonds.

As of Oct. 21, US$1 was equivalent to 1,172.70 South Korean won.