SK Ecoplant Receives Orders Exceeding Six Times Target in Corporate Bond Book-Building
SK Ecoplant received orders exceeding six times its target amount in a corporate bond book-building process.
According to the financial investment industry on July 17, SK Ecoplant (A-) attracted 883 billion KRW in orders for its corporate bond book-building, compared to its target of 130 billion KRW. By maturity, the company received 166 billion KRW in orders for the 1-year bond with a target of 30 billion KRW, 285 billion KRW in orders for the 1.5-year bond with a target of 40 billion KRW, and 432 billion KRW in orders for the 2-year bond with a target of 60 billion KRW.
The final issuance rate will be determined on July 24. The issuance date is July 25. The lead underwriters are SK Securities, Korea Investment & Securities, Kiwoom Securities, Daishin Securities, Shinhan Investment & Securities, and Hana Securities.
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SK Ecoplant is also considering an additional issuance in the future. The funds raised will be used mainly for refinancing existing corporate bonds.
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