Shinsegae decided to publicly issue a total of 340 billion won in unsecured bonds: 100 billion won of 2-year (146-1) and 240 billion won of 3-year (146-2).
The initial amount was 250 billion won, but after demand forecasting, it was increased due to strong institutional demand: 5.7x for 2-year and 2.8x for 3-year.
All proceeds (340 billion won) will be used to repay existing borrowings (140-1 public bond of 220 billion won and electronic short-term bonds of 180 billion won).
The credit rating is 'AA0 (stable)' from both Korea Investors Service and Korea Credit Rating, indicating solid financial health.
The final coupon rates were set at -0.07%p below the individual evaluation yield for the 2-year tranche and +0.02%p above for the 3-year, reflecting positive market reception.
[AI Comprehensive Analysis]This disclosure is a routine debt refinancing with no direct impact on shareholder value. However, the upsized issuance and strong demand reflect market confidence and should alleviate short-term liquidity risks.
KOSPI Filing Information
Filing: [Confirmation of Issuance Terms] Securities Registration Statement (Debt Securities)