{"id":49163,"date":"2024-02-27T00:00:00","date_gmt":"2024-02-27T00:00:00","guid":{"rendered":"http:\/\/myanmarnewswire.com\/?guid=98e8d62245bf78f612825d0ce6e17b78"},"modified":"2024-02-27T00:00:00","modified_gmt":"2024-02-27T00:00:00","slug":"lg-chem-to-raise-1-tln-won-in-bond-sale","status":"publish","type":"post","link":"https:\/\/myanmarnewswire.com\/lg-chem-to-raise-1-tln-won-in-bond-sale\/","title":{"rendered":"LG Chem to raise 1 tln won in bond sale"},"content":{"rendered":"
\n LG Chem Ltd., South Korea’s top chemicals maker, said Tuesday it plans to raise as much as 1 trillion won (US$751.3 million) by selling bonds for use in investment in future growth engines and to repay maturing debts.<\/p>\n
The amount of the planned bond issuance has doubled from the 500 billion won it had initially considered, since it attracted 3.44 trillion won from institutional investors in a demand forecast, the company said.<\/p>\n
The proceeds will be used for investment in green products, battery materials and new drug development — the three core areas of LG Chem’s future growth drivers.<\/p>\n
The fixed interest rates will be finalized on March 5, the company said.<\/p>\n
Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
LG Chem Ltd., South Korea’s top chemicals maker, said Tuesday it plans to raise as much as 1 trillion won (US$751.3 million) by selling bonds for use in investment in future growth engines and to repay maturing debts.<\/p>\n
The amount of the planned bond …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\n