China and Korea rev up green bond market

Hyundai launches the first auto-related green bond from Asia ex-Japan while issuance starts accelerating in China following the release of issuer guidelines.
Hyundai Motor's bestselling electric car, the Sonata hybrid
Hyundai Motor's bestselling electric car, the Sonata hybrid

Hyundai Capital took the Asian green bond market up another gear on Monday night with the completion of a $500 million deal tied to green auto-finance loans for Hyundai Motor and Kia Motors. 

The five-year offering marks a new stage of development for the international dollar bond market in Asia, which has so far been dominated by supranationals and quasi-government agencies. 

It also comes at a time when issuance has started to accelerate in China's domestic bond market following the release of issuer guidelines by the government in late December. 

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