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[Alpha Biz=(Chicago) Reporter Kim Jisun] Naver (AA +) has secured orders more than 11 times the amount of recruitment in its demand forecast for issuing corporate bonds. It is the first time in three years that Naver issues corporate bonds.
According to the investment banking (IB) industry on the 17th, Naver received a total of 1.744 trillion won in orders in a demand forecast for the issuance of 150 billion won worth of corporate bonds. 1.339 trillion won was spent on raising 120 billion won for three-year products and 405 billion won on raising 30 billion won for five-year products.
Naver proposed a -30-+30bp (1bp=0.01% point) section based on the average interest rate of private bond rating companies, with three-year items filled with -13bp compared to the public interest rate and five-year items filled with -21bp.
Naver, which is scheduled to issue corporate bonds on the 24th, is also considering issuing an increase of up to 250 billion won.
It is the first time in three years that Naver has knocked on the corporate bond market since 2021.
Naver's credit rating, given by three domestic credit rating agencies, is 'AA + (stable)'. At the end of the third quarter of last year, Naver's debt ratio was 49.3% and its dependence on borrowings was 13%. The cumulative operating profit for the same period is 1.833 trillion won, and cash and cash assets are about 4.2 trillion won.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
