Hyundai Card issues KRW128.7bn dollar-renminbi Kimchi bond
The financial affiliate of Hyundai Motor Group has become the first Korean credit-specialised firm to issue the instrument in both US dollars and renminbi; the issuance is structured as a green bond.
Hyundai Card has issued a KRW128.7 billion ($93 million) public Kimchi bond, marking South Korea’s first dual-currency US dollar-renminbi Kimchi bond by a local credit card issuer.
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