LG Energy Solution will issue 400 billion won of corporate bonds. The company said on Feb. 20 it submitted a securities registration statement for the bond issue to the Financial Supervisory Service. The won-denominated corporate bond issue will be its fourth, with a reported issue amount of 400 billion won.
The bonds will consist of 2-year, 3-year, 5-year and 10-year tranches. The company will conduct demand forecasting for institutional investors on Feb. 24. It plans to consider increasing the issue depending on the results. Detailed terms such as the issue price and final interest rates will be decided based on the demand forecasting results.
LG Energy Solution has issued corporate bonds every year since its first 1 trillion won offering in 2023. The company received an AA0 credit rating. Korea Investors Service and NICE Investors Service presented a stable rating outlook.
Dae-geon Seok (석대건)
d2dg@d-today.co.kr