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Published on 7/3/2023 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

New Issue: NongHyup Bank lists $600 million of 4 7/8% social notes due 2028

By Mary-Katherine Stinson

Lexington, Ky., July 3 – NongHyup Bank listed $600 million of 4 7/8% agriculture supportive social notes due July 3, 2028, according to a listing notice.

Listing for the notes on the Singapore Exchange is expected to be July 4. The notes were issued July 3.

The notes have been recognized under the Singapore Exchange’s sustainable fixed income initiative.

NongHyup Bank is a Seoul, South Korea-based agricultural and commercial credit and banking services company.

Issuer:NongHyup Bank
Amount:$600 million
Issue:Agriculture supportive social notes
Maturity:July 3, 2028
Coupon:4 7/8%
Settlement date:July 3
Listing date:July 4
Distribution:Rule 144A and Regulation S
ISIN:US65540JAK43, US65540KAK16

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