SK Hynix Plans to Issue Dollar Bonds Worth 1.3 Trillion KRW
SK Hynix is reportedly set to issue dollar bonds worth 1 billion dollars (approximately 1.3 trillion won).
The headquarters of SK Hynix in Icheon-si, Gyeonggi Province. / Photo by Yonhap News
View original imageAccording to major foreign media on the 3rd, SK Hynix has selected eight investment banks for the issuance of bonds with maturities of 3 and 5 years. The issuance size is expected to be decided later depending on market conditions.
SK Hynix posted a loss of 1.8 trillion won in the third quarter of last year, continuing losses for four consecutive quarters from the fourth quarter of 2022.
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However, recent recovery in the semiconductor market and increased demand for next-generation DRAM such as High Bandwidth Memory (HBM) have led to expectations that performance will improve starting from the fourth quarter of the same year.
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