BNY Mellon, a global leader in investment management and investment services, has been appointed Fiscal Agent, Transfer Agent, Registrar and Common Depositary on a unique sustainability bond issuance by Mirae Asset Daewoo, the largest securities broker in Korea.
The milestone US $300 million senior sustainability bonds represent the first sustainability bonds from this sector in Korea. Proceeds from the bonds will be used to fund or refinance new and existing projects that align with the International Capital Markets Association’s Sustainability Bond Principles.
“While green, sustainability and social bonds remain a small portion of the overall debt markets in the Asia-Pacific region (APAC), they have become an exciting part of the investment conversation," said Kenneth Cheong, Managing Director of Corporate Trust, Asia Pacific, BNY Mellon. “As a leader in corporate trust, this collaboration reinforces our long-standing commitment to helping bond issuers in this space in APAC and overall globally. BNY Mellon supports green and sustainable finance and is proud to work alongside corporate citizens to encourage social and environmental sustainability.”
Sustainable investment is a critical part of BNY Mellon’s strategy and long-term vision. We support clients with the administration of responsible financial instruments such as green and social bonds, insurance-linked securities, and property assessed clean energy bonds, environmental trusts and escrows, as well as helping clients understand the ESG ratings of their investments.
BNY Mellon is the premier provider of corporate trust services to the debt capital markets, providing customized and market-driven solutions to investors, bondholders and lenders. As of December 31 2018, BNY Mellon Corporate Trust served as trustee and/or paying agent on more than 52,000 debt-related issues globally. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services including trustee, paying agency, fiduciary, escrow, and other financial services. The business administers a wide array of assets and types of programs to multinational corporations, financial institutions, governments and their agencies, and the banking, securities, and insurance industries.
To learn more about BNY Mellon Corporate Trust, please visit our website.