LH Issues 100 Million Swiss Franc Bonds Worth 188.2 Billion Won... First Korean Company to Do So This Year

Korea Land & Housing Corporation (LH) announced on April 15, 2026 that it has successfully issued bonds worth 100 million Swiss francs (approximately 188.2 billion won) on the Swiss financial market.

This is the first case of offshore bond issuance by a Korean company this year. LH evaluated this as a significant achievement, noting that it was accomplished despite heightened uncertainty in global financial markets due to escalating risks in the Middle East.

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An LH official stated, "We successfully completed the bond issuance by securing overseas investment demand for LH bonds in the Swiss franc market, which is characterized by a high proportion of stability-oriented investors, thanks to our consistent market access and high corporate credibility."

The issuance was finalized on April 10, with a maturity of three years. The coupon rate was set at 43 basis points above the three-year CHF midswap rate. BNP Paribas acted as the sole lead manager.

LH has been striving to raise foreign currency in various currencies by attracting high-quality new investors from Europe. In November 2025, LH successfully conducted a public euro-denominated bond issuance (500 million euros, equivalent to 850 billion won), becoming the first Korean non-policy financial institution to do so in 12 years since 2013.

Donggeun Oh, Head of Finance at LH, said, "Going forward, LH will continue to actively attract high-quality new overseas bond investors and diversify its funding sources to secure a stable foundation for implementing our policy projects."

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