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Successful First Water Bond Issuance after the Recent Inter-Korean Summit.

Successful First Water Bond Issuance after the Recent Inter-Korean Summit.

On May 8, K-water succeeded in issuing water bonds with a value of USD 300 million (KRW 320 billion) in the global financial market. Water bonds are a type of green bonds issued for the purpose of funding eco-friendly projects and are special-purpose bonds that can be used only for water-related investments. K-water has become the first issuer of water bonds in Asia and the first issuer of green bonds among Korean public companies aside from those in the financial sector. K-water will use the foreign currency secured through the issuance of the bonds for various water-related projects to put social values in action ??such as water supply to areas suffering from water shortages, improvement of old water pipes, and the development of clean energy.

Registration Date: 2018-05-09

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