Hyundai Department Store Issues 200bn Won Unsecured Bonds at Favorable Rates with AA+ Rating
Increased issuance size: Total raised from 150bn won to 200bn won (33-1: 130bn, 33-2: 70bn) after strong demand forecast
Robust demand: 11.5x oversubscription for 33-1 (1,150bn won bids), 22.8x for 33-2 (1,140bn won bids); all bids within top end of desired range counted as valid
Favorable pricing: Spread of -0.17%p for 33-1 and -0.19%p for 33-2 vs. individual bond yield (negative spread)
Credit rating: AA+ (stable) affirmed by Korea Ratings, KIS, and NICE
Use of proceeds: Refinancing of 200bn won bonds issued in 2023 (maturity Apr 27, 2026, coupon 3.92%)
Electronic registration, payment/offering date May 8, 2026, listing expected May 11, 2026
KOSPI Filing Information
Filing: [Confirmation of Issuance Terms] Securities Registration Statement (Debt Securities)