Hyundai E&C, Lotte Chemical gain traction from bond investors
newscatcher
2023-08-31 04:38
Hyundai E&C, Lotte Chemical gain traction from bond investors
[Courtesy of Hyundai E&C] South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) and Lotte Chemical Corp. have received overwhelming bond orders from investors this week.According to multiple sources from the investment banking industry on Wednesday, Hyundai E&C received corporate bond orders worth 355 billion won ($268.3 million), three times more than its initial offering of 120 billion won, from institutional investors during a book-building session on Monday.The debt yield has been set at a level slightly above the average yield provided by private bond rating agencies.

https://n.news.naver.com/mnews/article/009/0005179979?sid=104

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