LG Electronics raises $800 million bond for R&D, facilities investments
Apr 19, 2024
South Korea's tech giant LG Electronics said Friday it has successfully raised a total of $800 million in a dollar bond deal. The bonds, denominated in US dollars, were issued in two tranches: a three-year bond worth $500 million and a five-year sustainability bond totaling $300 million, according to LG Electronics. The interest rates for these bonds were set at 95 basis points and 110 basis points over the US Treasury rates of the same maturity for the three-year and five-year tranches, respe