Korea Midland Power to sell $300 mil bond next month Korean paper market likely to take breather until September
Translated by Kim So-in 공개 2021-07-27 10:32:56
이 기사는 2021년 07월 27일 07:56 thebell 에 표출된 기사입니다.
Korea Midland Power plans to raise $300 million from its issuance of dollar-denominated bond next month.The company has hired Citi Global Markets Korea Securities, HSBC, and UBS to handle the process, aiming to conduct a bookbuilding process in early August. A bond worth $300 million matured earlier this month.
Korea Midland Power will issue Korean papers, which refer to foreign currency debt issued by South Korean entities abroad, two years after it drew orders worth $2.8 billion for its $300 million green bond offering in 2019. The company issued sustainability bond in 2020.
The Korean paper market conditions remain favorable. All Korean paper issuers successfully raised funds so far this year thanks to abundant liquidity and Korean papers’ safe haven status. NongHyup Bank issued a $600 million global bond last week.
After the issuance, the Korean paper market is likely to take a breather until September as the summer vacation season starts and the issuance of dollar bonds will become difficult due to the 135-day rule by the U.S. Securities and Exchange Commission from mid-August.
Korea Midland Power received Aa2 and AA ratings from global credit rating agencies Moody’s and S&P Global Ratings. (Reporting by Hye-rim Pi)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- '푸드테크에 진심' 롯데벤처스, 투자재원 확충 시동
- [thebell interview/비상하는 K-우주항공 스타트업]박동하 “코스모비로 우주와 인간 가까워지기를”
- [모태 2024 2차 정시출자]‘AC전용' 스포츠출발, 상상이비즈 '연속 GP' 도전
- '오스템임플란트 볼트온' MBK-UCK, 브라질 임플란트 3위 업체 인수
- '주주환원 강화' 케이카, 1분기 실적 주목
- 가보지 않은 길 'ARC' 셀비온-앱티스 맞손, 독성에 도전
- [여전사경영분석]BNK캐피탈, 순익 반등에도 수익성 제고 과제 여전히
- [은행경영분석]권재중 BNK금융 CFO 첫 성적표 'CET1 12%대' 진입
- 마이금융파트너, 신계약 성과에 2년째 매출 급증
- [여전사경영분석]문동권식 수익다변화 전략 적중…신한카드, 순익 회복 시동