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Shinhan Financial raises $500m via debt sale

Shinhan Financial Group Co., a major financial holding firm in South Korea, said Tuesday it has raised $500 million by selling sustainability bonds.


Sustainability bonds are floated to exclusively finance a combination of green and social projects.

The US dollar-denominated bonds carry an yield of 3.34 percent, Shinhan Financial said in a statement.

Proceeds from the sale will be used to help Shinhan Financial fund for a range of environmental, social and governance projects, the company said. (Yonhap)