Hanwha Co., Ltd. Issues Green Bonds Worth 150 Billion KRW

Strengthening In-House ESG Businesses Including Secondary Battery and Solar Power Equipment Manufacturing

[Asia Economy Reporter Hwang Yoon-joo] Hanwha Co., Ltd. is accelerating its ESG (Environmental, Social, and Governance) management by issuing green bonds for the second consecutive year.

On the 25th, Hanwha Co., Ltd. announced that it submitted a securities registration statement to the Financial Supervisory Service the previous day and plans to raise up to 150 billion KRW through the issuance of green bonds.

Green bonds are special-purpose bonds issued to raise funds for eco-friendly projects such as renewable energy. They must be certified by an authorized institution to be issued. On the 19th, Hanwha Co., Ltd. received the highest ESG bond rating, Green 1, from NICE Credit Rating.

The raised funds will be invested in Hanwha’s own ESG-related businesses, including secondary batteries and solar power facilities. Hanwha’s machinery division produces various equipment used in the materials, electrodes, assembly, formation, and module pack processes of secondary batteries, as well as specialized equipment in the solar cell and module sectors.

This green bond consists of 3-year and 5-year maturities, with a credit rating of ‘A+ Stable.’ After submitting the securities registration statement to the Financial Supervisory Service the previous day and conducting a demand forecast on the 26th of this month, the bonds are scheduled to be issued on the 8th of next month. The lead underwriters are NH Investment & Securities, Korea Investment & Securities, and SK Securities.