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SHINHAN CARD CO., LTD., as the first foreign financial institution, issues the Social Bond.

Date:2021/06/23

Today, the International Bonds issued by SHINHAN CARD CO., LTD. is listed on Taipei Exchange. This issuance totaled USD 300 million with maturities of 5 years and fixed its coupon rate at 1.375%, with a dual listing in Taipei and Singapore exchanges. The bond is the first International Bond issued by the foreign financial institution, sets a milestone for the Sustainable Bond Market.

The lead underwriter of the bond is HSBC Taiwan. The framework of the issue was verified by Sustainalytics. The funds raised will be used exclusively for social projects in the category of “access to essential services”. The social project is focusing on the loans/financing for the development of public hospitals and medical facilities, providing loans/financing to low-income populations with low credit rating, and Green Remodeling Interest Payment Supports which will subsidize the borrowing of a loan for Infrastructure and Transport and support the payment of interest.

Taipei Exchange pointed out that social bonds are the best financial instruments to assist enterprises to fulfill their corporate social responsibility and support specific target groups to promote social benefits and development. As of June 23, the cumulative issue amount of the social bond market has reached NTD 12.2 billion since the Sustainable Bond Market was established on 18 May 2021. Showing that issuers joined the sustainable bond market under the trend of ESG to support the environment and corporate social responsibility.

For more information on social bonds, please refer to the "Sustainable Bonds" section of Taipei Exchange website (www.tpex.org.tw).