LG Electronics Issues KRW 500 Billion Unsecured Bonds for Debt Repayment and Operating Funds
LG Electronics decided to issue unsecured bonds worth KRW 500 billion in total (Series 107-1: KRW 350 billion, 107-2: KRW 100 billion, 107-3: KRW 50 billion)
Strong demand forecast results: competition ratios of 7.8:1 for 107-1, 15.0:1 for 107-2, and 6.6:1 for 107-3
Final issuance rates set at -0.03%p for 2-year, -0.09%p for 5-year, and -0.30%p for 10-year relative to individual valuation, indicating favorable terms
KRW 370 billion of the proceeds will be used for debt repayment, KRW 130 billion for operating funds
The bonds are rated AA0 by Korea Ratings, KIS Rating, and NICE Rating, maintaining excellent credit quality
The initial issuance amount of KRW 250 billion was increased to KRW 500 billion based on demand forecast results
KOSPI Filing Information
Filing: [Correction of Description] Securities Registration Statement (Debt Securities)