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[Alpha Biz=(Chicago) Reporter Paul Lee] LG Energy Solution will raise 1 trillion won by issuing corporate bonds for the first time since its launch.
LG Energy Solutions announced on the 28th that it has decided to issue corporate bonds at 4.097% per annum for two years, 4.196% per annum for three years, and 4.298% per annum for five years, respectively.
The interest rate is 11 to 20bp (1bp = 0.01% point) lower than the AA-class public interest rate (interest rate assessed by private bond appraisers).
LG Energy Solutions decided to issue corporate bonds for the first time this time and reported 500 billion won, but doubled the issuance amount due to high demand. As a result of the demand forecast, the company received a purchase order of KRW 4.72 trillion, the highest since the introduction of the demand forecast system for public corporate bonds in 2012.
The corporate bonds will be issued in full as green bonds, one of ESG (Environmental, Social and Governance) bonds that meet the standards of the International Capital Markets Association.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
