Kiwoom Securities Sells Hyosung Capital Bonds with Pre-Tax Annual Yield of 3.8%

[Asia Economy Reporter Oh Ju-yeon] Kiwoom Securities announced on the 20th that it is selling Hyosung Capital bonds at a pre-tax annual rate of 3.8%.

The credit rating of Hyosung Capital239 bonds is A-/Positive, with a maturity date of April 5, 2022, and an annual pre-tax yield of approximately 3.8%.

Hyosung Capital is a specialized credit finance company engaged primarily in equipment financing such as machine tools and medical devices, automobile purchase financing, retail, and corporate loans. Hyosung Corporation holds 97.5% of Hyosung Capital's shares (as of the end of March 2020) and plans to sell them within the year.

NICE Bond Credit Rating evaluated Hyosung Capital's credit rating as A-/Positive, citing its favorable market position, delayed improvement in growth of key business sectors such as equipment financing, and partial supplementation of its business base through retail finance.

The bond pays interest every three months through a coupon bond method and can be purchased online via the Kiwoom Securities website or the Hero Moon S app, with a minimum investment unit of 10,000 KRW.

Kiwoom Securities also sells more than 30 types of corporate bonds, hybrid capital securities, and short-term bonds. Additionally, it is conducting an event until the end of this month where bond investors are entered into a draw to receive a 30,000 KRW gift certificate.

This content was produced with the assistance of AI translation services.