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[Alpha Biz=(Chicago) Reporter Kim Jisun] LG Energy Solution succeeded in winning nearly 5 trillion won in corporate bond demand forecasts worth 500 billion won for the first time since its establishment.
According to the investment banking (IB) industry on the 22nd, LG Energy Solution received a total of 4.72 trillion won in purchase orders, including 1.135 trillion won for two years (100 billion won), 1.74 trillion won for three years (200 billion won), and 1.845 trillion won for five years (200 billion won). This is the largest ever since the introduction of the corporate bond demand forecasting system in 2012. The previous order was POSCO's previous order of 3.97 trillion won in early January after predicting demand for 350 billion won in corporate bonds.
As of the 21st, the public rating is 4.247% for two-year products, 4.318% for three-year products, and 4.506% for five-year products, so the procurement rate is expected to be in the early 4% range. In fact, it is a 'aaA' level issuance rate.
The LG Energy Solution will spend 90% of its funding this time on facility investment to improve the capacity of electric vehicle battery production. It will invest 450 billion won to increase overseas joint ventures (JV) to expand electric vehicle battery production plants in North America and 50 billion won to purchase raw materials such as anode materials. If the amount is increased to 1 trillion won, the investment will increase to 900 billion won and 100 billion won, respectively.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
