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[Alpha Biz=(Chicago) Reporter Kim Jisun] E-Mart succeeded in receiving more than 1 trillion won in funds for corporate bond demand forecasting.
According to the investment banking (IB) industry on the 28th, E-Mart with a credit rating of 'AA' received a total of KRW 1.21 trillion in purchase orders, including KRW 600 billion for three years (KRW 100 billion), KRW 545 billion for five years (KRW 250 billion), and KRW 65 billion for seven years (KRW 50 billion). Earlier, E-Mart offered an interest rate of -30 to 30bp (1bp=0.01% point) added to the individual public interest rate (the unique interest rate of companies assessed by private bond appraisers) as a desired rate. As a result, the recruitment volume was filled at △2 years -4bp △ 3 years + 5bp △ 7 years + 10bp.
The two-year products succeeded in meeting the issuance conditions at a lower price than the public interest rate, but the three-year and seven-year products have to pay somewhat higher procurement rates. For the seven-year product, the public sentiment rate is 4.759% as of the previous trading day, and the final procurement rate is expected to be formed in the mid-4.8% range.
E-Mart will use the funds raised this time to repay 140 billion won worth of electronic short-term bonds and pay 533.5 billion won worth of goods. It can be issued by increasing up to 500 billion won, and the shortfall in payment of goods will be covered by its own cash.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
