thebell

전체기사

SC Securities strengthens presence in domestic and foreign bond markets The firm leads sales of won-denominated debt and dimsum bond

Translated by Kim So-in 공개 2021-05-07 08:10:22

이 기사는 2021년 05월 07일 08:02 thebell 에 표출된 기사입니다.

Standard Chartered Securities Korea (SC Securities) is distinguishing itself from other securities firms by strengthening its presence in the bond markets at home and abroad.

SC Securities managed Volkswagen Financial Services Korea’s sale of five-year bond worth 130 billion won ($115 million) last month. The amount was raised from initial 100 billion won as the sale was oversubscribed during the book building process.

It is a rare case that a foreign brokerage firm underwrites won-denominated debt sale. SC Securities has been the only foreign securities firm which led the sale of won-denominated bond over the past five years, according to the thebell’s league tables. The securities firm led the Mercedes Benz Financial Services Korea’s 70 billion won bond sale and BMW Financial Services Korea’s 120 billion won bond sale in 2016 and 2017, respectively.

SC Securities’ won-denominated bond underwriting is seen as a move to strengthen its sales capability rather than expanding the market given that the firm occasionally participates in deals with foreign companies’ Korean subsidiaries.

SC Securities is also enhancing its presence in the Korean Paper market. Korean Paper refers to foreign currency-denominated securities sold abroad by South Korean entities. SC Securities led the Export-Import Bank of Korea’s 1.5 billion yuan dimsum bond sale and Hanwha Solutions’ 1 billion yuan dimsum debt sale earlier this year. The securities firm was the sole underwriter of the Hanwha Solutions deal.

SC Securities also solely underwrote the deal when Korea Development Bank sold $500 million worth dollar-denominated bond in April 2020 amid escalating coronavirus fears. The debt sale drew more than $2.2 billion in bids.

SC Securities is preparing Central American Bank for Economy Integration (CABEI)’s sale of Arirang bond, a won-denominated bond issued by a foreign entity in South Korea. This marks CABEI’s Korean bond market debut, in which SC Securities and NH Investment & Securities act as joint underwriters. (Reporting by Hye-rim Pi)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
주)더벨 주소서울시 종로구 청계천로 41 영풍빌딩 5층, 6층대표/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.