이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
- Collected
- 2019.07.25
- Distributed
- 2019.07.26
- Source
- Go Direct
Hanwha Energy, an affiliate of South Korea’s Hanwha Group, said on Thursday its North American operation, or Hanwha Energy USA Holdings, debuted its first green bonds worth $300 million in U.S. dollar offering. A green bond is a debt raised for projects that are environmentally friendly and the local unit meets this condition.
Despite market concerns due to U.S.-China trade conflicts and mounting geopolitical risk in the Middle East, the company’s three-year offering attracted overwhelming bids of $2.3 billion from institutions in the U.S., Asia and Europe, Hanwha Energy said.
The robust appetite has enabled favorable borrowing terms - 70 basis points over the corresponding three-year U.S. Treasury yield. The debt rated Aa2 by Moody’s and backed by state lender Korea Development Bank was listed on Singapore Exchange.
The total installed capacity of solar power projects developed and sold by Hanwha Energy USA Holdings exceeds 9GW while projects being developed account for approximately 1GW in North America’s photovoltaic market. According to U.S. Utility PV Market: Quarterly Update (Q1 2019) released by Wood Mackenzie, the company ranked first in the U.S. in terms of development capacity in 2018.
By Kang Gye-man and Minu Kim
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]