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Published on 5/27/2022 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

New Issue: Kodit unit prices $300 million 3.619% social bonds due 2025

By Rebecca Melvin

Concord, N.H., May 27 – Kodit Global 2022-1 Co. Ltd., a special purpose company owned by Korea Credit Guarantee Fund, or Kodit, priced $300 million 3.619% senior social bonds due 2025 (Aa2), according to a listing notice and market sources.

Proceeds will be used to finance projects and assets consistent with Kodit’s sustainability financing framework.

The bonds were issued on Friday and will be listed on the Singapore Exchange starting Monday.

The financial services provider is based in Daegu, Korea.

Issuer:Kodit Global 2022-1 Co. Ltd.
Guarantor:Korea Credit Guarantee Fund
Amount:$300 million
Issue:Social bonds
Maturity:May 27, 2025
Coupon:3.619%
Issue date:May 27
Listing date:May 30
Rating:Moody’s: Aa2
ISIN:XS2481329733

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