LG Chem-bond sale LG Chem raises US$2 bln in exchangeable bond sale SEOUL, July 12 (Yonhap) -- LG Chem Ltd. said Wednesday it has raised US$2 billion by selling exchangeable bonds (EB) that can be converted to shares of its battery-making subsidiary, LG Energy Solution Ltd. The bond sale came in two tranches worth $1 billion each, with the coupon for five-year EBs set at 1.25 percent and 1.6 percent for seven-year debts, the South Korean chemical producer said. The bonds can be exchanged into common shares of LG Energy Solution, the world's second-largest battery manufacturer 81.

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