[Alpha Biz=(Chicago) Reporter Paul Lee] Ecopro (086520), which is known as the leading stock of secondary batteries, succeeded in raising more than twice the amount of funds raised in its first public bond demand forecast since its establishment.

According to the investment banking (IB) industry on the 17th, Ecopro received a total of 206 billion won in a demand forecast to raise 100 billion won, including 89 billion won for one year and six months (50 billion won) and 117 billion won for two years (50 billion won).

Ecopro used the average public interest rate (the unique interest rate assessed by private bond rating agencies) with a credit rating of "A-" as the standard for the desired interest rate. Since it is the first public bond issuance, there is no individual public interest rate in Ecopro.

Ecopro filled the recruitment volume at -2bp (0.01% point for 1bp) for 1 year and 6 months and -14bp for 2 years. This means that many investors wanted to buy Ecopro corporate bonds more expensive than the average price of corporate bonds by the same credit-rating companies. An IB industry official said, "It is a significant success to keep the procurement rate low while filling the first issue with an increase."

Ecopro will use the funds raised this time to repay 109 billion won worth of stock collateral loans early. With large-scale facility investment of more than 1 trillion won planned every year, the move is interpreted as an attempt to increase the stability of funding. Ecopro is strongly considering issuing an increase of up to 200 billion won on the 25th as demand forecasts have been successful.

 

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