Hanwha Co., Ltd. Attracts 530 Billion KRW in First Corporate Bond Offering of 2020, Achieving Successful Subscription

[Asia Economy Reporter Park So-yeon] Hanwha Co., Ltd. announced on the 22nd that it succeeded in the demand forecast for a public bond issuance worth 100 billion KRW, conducted for the first time this year on the 20th. Valid demand amounted to 530 billion KRW, which is 5.3 times the issuance amount. The lead managers for this corporate bond issuance are NH Investment & Securities and KB Securities.

The desired interest rate band for this demand forecast was presented by adding -0.15% to +0.15% to the average rate of individual private rating agencies, attracting 360 billion KRW for the 3-year bonds (70 billion KRW) and 170 billion KRW for the 5-year bonds (30 billion KRW). The demand forecast results suggest that issuance at a negative spread compared to the average rate of individual private rating agencies is possible. Hanwha Co., Ltd. plans to use the funds raised this time to repay corporate bonds maturing in June.