SEOUL, July 12 (Korea Bizwire) — LG Chem Ltd. said Wednesday it has raised US$2 billion by selling exchangeable bonds (EB) that can be converted to shares of its battery-making subsidiary, LG Energy Solution Ltd. The bond sale came in two tranches worth $1 billion each, with the coupon for five-year EBs set at 1.25 [...]
SEOUL, Jan. 11 (Korea Bizwire) – SK hynix Inc., a major South Korean chipmaker, said Wednesday it has raised US$1 billion by selling a so-called sustainability-linked bond (SLB). An SLB is a type of bond for which the interest rates can vary depending on whether the issuer achieves predefined environmental, social, and governance management objectives. [...]
SEOUL, Feb. 2 (Korea Bizwire) — Hyundai Capital Services Inc., South Korea’s leading auto finance company, said Tuesday that its has issued global green bonds worth US$600 million. The five-year bonds, which were sold to overseas investors, carry an annual interest rate of 1.25 percent, or the yield on five-year U.S. Treasurys plus a spread [...]