Samsung C&T to raise up to $414 mil in bond sale Korean builder to launch bookbuilding process later this month
Translated by Kim So-in 공개 2022-03-03 08:13:39
이 기사는 2022년 03월 03일 08:03 thebell 에 표출된 기사입니다.
South Korea’s Samsung C&T, the construction unit of Samsung Group, will tap the nation’s public bond market to raise up to 500 billion won ($414 million) in a bond issuance.The company plans to raise up to 500 billion won by issuing its bonds in April to use the proceeds as working capital, according to industry sources. The company has discussed details of the issuance with domestic major brokerage firms including KB Securities and NH Investment & Securities.
Samsung C&T plans to raise 200 billion-300 billion won in the planned bond sale, which is highly likely to consist of bonds with 3-year and 5-year maturities. It may increase the offering to up to 500 billion won if it attracts strong demand in its bookbuilding process slated for late March.
Samsung C&T has raised about 500 billion won on average almost every year since 2013. In November 2020, the company raised 250 billion won in bonds with 3-year and 5-year maturities. The company will tap the public bond market 1.5 years after its latest issuance, possibly aiming to pre-hedge risks amid rising interest rates.
Korea Ratings and NICE Investors Service gave the highest possible AA+ rating with a Stable outlook on the company in November 2020. (Reporting by Cheol Kang)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- 시프트업 상장 예심 통과…공모구조 '신주 100%'
- '돈버는 바이오' 아이빔테크놀로지, 7개월만에 상장예심 통과
- 점점 느슨해지는 넷마블·하이브 '지분 동맹'
- 씨지피머트리얼즈, '세종캠퍼스 신공장 기공식' 개최
- 트루윈, '엣지파운드리'로 사명 변경 "AI 강화"
- '어닝 서프라이즈' 실리콘투, 중동·남미 확장 잰걸음
- 다이나믹디자인, 고부가 제품 덕 1분기 '흑자 전환'
- [정육각은 지금]'흑기사' 캡스톤·에이티넘의 지원, 급한 불 껐다
- [thebell interview/LLC형 VC 톺아보기]김중완 비하이인베 대표 "우보천리 철학 이어갈 것"
- [Red & Blue]톱티어 VC LB인베, UAE 10억달러 업고 주가 ‘훨훨’