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Naver raises 1.62 trillion won with simultaneous dollar and euro green bond issue

Naver said on Tuesday it issued global green bonds simultaneously in U.S. dollars and euros. The offering comprised a $500 million five-year bond and a 500 million euro seven-year bond, totalling $1.1 billion, or about 1.62 trillion won. It secured more than $10 billion of orders from 437 investors. The dollar bond priced at 4.375 percent and the euro bond at 3.750 percent. Proceeds will be used for eco-friendly data centres and energy-efficiency projects.