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[Alpha Biz=(Chicago) Reporter Paul Lee] LG Uplus of its credit rating "AA" has succeeded in securing nearly seven times the amount of funds collected from its corporate bond demand forecast.
According to the investment banking industry on the 7th, LG Uplus received a total of 680 billion won in purchase orders in a forecast for corporate bonds to raise 100 billion won. Orders of 270 billion won were received for 120 billion won for the two-year period, 290 billion won for the three-year period and 30 billion won for the five-year period. LG Uplus plans to repay 170 billion won in debts due at the end of January next year, and is considering increasing up to 200 billion won on the 13th thanks to sufficient orders from demand forecasts.
LG Uplus offered an interest rate of -30 to 30bp (1bp = 0.01% point) added to individual public interest rates in the range of desired interest rates. As a result, the recruitment volume was filled at +5bp for 2 years, -1bp for 3 years, and -10bp for 5 years. Compared to the volume at a lower level than the public interest rate in all maturity stocks during demand forecasts in January and June this year, the interest rate burden is expected to increase. The two-year interest rate, which stood at 4.2% at the end of June, rose about 30bp to 4.516% based on the previous day's four public rating agencies.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
