Lotte Corp to issue three-year Samurai bond Bond backed by KB Kookmin Bank will be issued via private placement

Translated by Kim So-in 공개 2021-10-22 08:19:46

이 기사는 2021년 10월 22일 08:10 더벨 유료페이지에 표출된 기사입니다.

Lotte Corp plans to issue a three-year yen-denominated Samurai bond through a private placement.

The company plans to run a bond pricing process on Thursday, according to industry sources. It is expected to negotiate prices with a number of institutional investors given that the bond will be issued through a private placement. The company’s propose spread is likely to be 33 basis points above the Tokyo overnight average rate (TONA) mid-swaps. SMBC Nikko is solely managing the bond sale.

Backed by KB Kookmin Bank, the Samurai bond has received an Aa3 rating from global credit rating agency Moody’s. The rating is significantly high given that domestic companies normally have BBB ratings.

Market insiders are paying attention to whether Korean companies will resume selling Samurai bonds, starting with Lotte Corp’s planned private bond placement. The Samurai bond issuance has been halted since KT sold its Samurai bond in 2019. (Reporting by Hye-rim Pi)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재 및 재배포 금지 >

더벨 서비스 문의


유료 서비스 안내
주)더벨 주소서울특별시 중구 무교로 6 (을지로 1가) 금세기빌딩 5층대표/발행인성화용 편집인이진우 등록번호서울아00483
등록년월일2007.12.27 / 제호 : 더벨(thebell) 발행년월일2007.12.30청소년보호관리책임자김용관
문의TEL : 02-724-4100 / FAX : 02-724-4109서비스 문의 및 PC 초기화TEL : 02-724-4102기술 및 장애문의TEL : 02-724-4159

더벨의 모든 기사(콘텐트)는 저작권법의 보호를 받으며, 무단 전재 및 복사와 배포 등을 금지합니다.

copyright ⓒ thebell all rights reserved.