LG Energy Solution Issues 800 Billion KRW Corporate Bonds to Finance US Facility Investment
LG Energy Solution is raising a large amount of funds by issuing corporate bonds.
LG Energy Solution announced on the 4th that it has submitted a securities registration statement to the Financial Supervisory Service for the issuance of corporate bonds. This is LG Energy Solution's third issuance of won-denominated corporate bonds.
The corporate bonds consist of 2-year, 3-year, 5-year, and 7-year maturities, with a total registered issuance amount of 800 billion won.
On the 6th, a demand forecast will be conducted for institutional investors, and an increase in issuance will be considered. The issuance amount and fixed interest rate will be determined based on the results of the demand forecast.
The funds secured through the corporate bond issuance are planned to be used for large-scale investments in global production facilities.
The company is currently constructing five new plants in North America, including the Stellantis joint plant in Ontario, Canada, the Honda joint plant in Ohio, USA, and the Hyundai Motor Group joint plant in Georgia, USA.
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Following the issuance of its first corporate bonds worth 1 trillion won in 2023, LG Energy Solution issued corporate bonds worth 1.6 trillion won last year.
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