[THE INVESTOR] LG International is reviewing plans to issue bonds for raising 100 billion won (US$89.19 million) in August, local media reported on July 29.
According to reports, the trading arm of LG Group is considering issuing 3-year and 5-year bonds. The company’s credit rating is “AA-.”
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LG Group headquarters in Yeouido, western Seoul. |
LG International said that the funds raised through the bonds would go toward funding its operations, saying that none of the previously issued bonds reach maturity in the coming year.
LG International’s most recent bonds were issued in May 2015.
By Choi He-suk (
cheesuk@heraldcorp.com)
