Hana to underwrite $65 mn ESG bonds on US rail funding
Aug 12, 2021 (Gmt+09:00)
South Korea's Hana Financial Investment Co. is set to underwrite 75 billion won ($65 million) worth of senior bonds linked to environmental, social and governance (ESG) themes for a US high-speed railway project.
Morgan Stanley is the lead underwriter of the senior tranche to raise a total of 440 billion won ($380 million) for the 5.55 trillion won ($4.7 billion) infrastructure project, according to investment banking sources.
The funds will be used to build and operate the high-speed railway in the US. It was first reported by the Herald Business Newspaper on Thursday. No further details about the project were immediately available.
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