LG Electronics is moving to raise funds through a corporate bond issuance for the first time in three years.
LG Electronics disclosed on the 15th a securities registration statement stating it will proceed with a 250 billion won corporate bond issuance. The target issuance date is on the 28th.
LG Electronics plans to increase the size to as much as 500 billion won if demand forecasting is strong. The company said it will decide the amount and interest rate based on the demand forecast results on the 19th.
It has been about three years since 2023 that LG Electronics returned to the public corporate bond market. The company is reportedly planning to use the funds raised from this bond issuance to repay debt.
On the same day, Korea Ratings upgraded the outlook on LG Electronics' unsecured bonds to "positive" from "stable" at an AA rating. As of the end of the first quarter this year, LG Electronics' cash and cash equivalents on a consolidation basis stood at 8.6 trillion won.