Korea Land & Housing Corporation (LH) said on the 22nd that it issued bonds worth A$500 million (about 537.5 billion won).
The transaction was jointly led by ANZ, Credit Agricole, Nomura, and Standard Chartered, with a maturity of three years and a coupon set at 65 basis points over the swap rate (SQ ASW) (1bp=0.01 percentage point), and the pricing date was May 21. This is the first time LH has issued bonds in Australian dollars. The Australian dollar issuance market is the world's third-largest bond issuance market after the U.S. dollar and the euro.
Oh Dong-geun, LH chief financial officer, said, "All proceeds from this bond issuance will be used for the construction of public rental housing, among other purposes."
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