IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond

Read the full story from IEEFA.

Korea Electric Power Corporation’s (KEPCO’s) recent green bond failed to attract leading sustainable investors, despite being 10 times oversubscribed, according to new research by the Institute for Energy Economics and Financial Analysis (IEEFA).

The South Korean state-owned utility’s June 2020 green bond raised US$500 million from international financial investors. But IEEFA’s analysis of bondholder data reveals that many of the well-regarded environmental, social and governance (ESG) investors shunned the offering.

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