Dongwon Industries' Corporate Bond Public Offering Success... 200 Billion KRW Raised

Planned Use for Repayment of Existing Corporate Bonds and Operating Capital

Dongwon Industrial, the business holding company of Dongwon Group, has successfully raised a large-scale fund.

On the 15th, Dongwon Industrial announced that it issued corporate bonds worth 200 billion KRW, consisting of 140 billion KRW in 3-year bonds and 60 billion KRW in 5-year bonds.

The funds raised this time are planned to be used for repaying existing corporate bonds and operating capital.

In the demand forecast conducted ahead of the bond issuance on the 13th, 765 billion KRW, more than seven times the target amount, was attracted, leading to an increase in the bond issuance scale from 100 billion KRW to 200 billion KRW.

As investment demand surged, the issuance interest rate also decreased. Both the 3-year and 5-year bonds met their target amounts at levels 15 basis points (1bp=0.01%p) lower than the private bond evaluation rates.

The success of Dongwon Industrial's corporate bond issuance is attributed to its solid market dominance based on a diversified business portfolio including fisheries, food, materials, and logistics, as well as expectations for new businesses.

Dongwon Group began operating Dongwon Global Terminal Busan (DGT), the first fully automated port in Korea, last year, and continues active investments in future growth engines such as land-based salmon farming and secondary battery materials business.

Additionally, Dongwon Industrial maintains its corporate bond credit rating at 'AA- (Stable)' as assigned by Korea Ratings and NICE Investors Service.

A Dongwon Industrial official stated, "Despite challenging domestic and international business environments, Dongwon Group continues sustainable growth centered on core business sectors of fisheries, food, materials, and logistics," adding, "We will maintain a stable financial structure while continuously expanding investments for future businesses."