View of Dongwon Group's office building / Courtesy of Dongwon Industries

Dongwon Group's business holding company, Dongwon Industries, announced on the 15th that it has issued corporate bonds worth 200 billion won. The funds raised, consisting of 140 billion won in 3-year bonds and 60 billion won in 5-year bonds, will be used for the repayment of existing corporate bonds and operating funds.

Dongwon Industries originally planned to issue corporate bonds worth 100 billion won, but the demand forecast on the 13th attracted more than seven times the target amount, reaching 765 billion won, prompting an increase in the issuance scale. As demand surged, the issuance rate also decreased. Both the 3-year and 5-year bonds filled their targets at a level 15 basis points lower than the market average rate (the private bond evaluation rate).

Dongwon Industries' credit rating is at the AA- level.

A representative from Dongwon Industries noted, “Dongwon Group is continuously growing around its core business sectors of seafood, food, materials, and logistics amidst a challenging domestic and international management environment,” adding, “While maintaining a stable financial structure, we will continue to expand investments for future businesses.”