Received’ST1′, the highest grade in ESG sustainable finance from a credit rating company
The group’s capital adequacy will also improve slightly in the form of new capital securities in Korean won.
Woori Financial Group (Chairman Tae-Seung Son) announced on the 7th that it is the first Korean financial holding company to issue ESG bonds in the form of new capital securities in Korean Won by receiving the highest grade of ESG certification from a credit rating agency.
ESG certification grades are evaluated and managed in five grades by monitoring the management standards and follow-up management by an external specialized agency.
In particular, the bonds issued this time were the first Korean financial holding companies to apply the ESG certification rating system, and received the highest grade (ST1) among the sustainable finance certification ratings from the Korean corporate evaluation.
Woori Financial Group, based on the demand forecast for institutional investors at the end of this month, will determine the final amount and interest rate within a maximum of 200 billion won and issue it early next month.
In addition, this bond is the first ESG bond issued after the establishment of a holding company, and it is expected to slightly improve the group’s capital adequacy as it is issued in the form of new capital securities.
ESG bonds are bonds issued to raise funds related to environmental, social, and governance improvement.
An official of Woori Financial Group said, “The first Korean financial holding company to acquire ESG certification grade is a result of Chairman Tae-seung Son’s emphasis on spreading ESG DNA throughout the group.” Will continue to practice.”
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