[THE INVESTOR] Hanwha Techwin will issue corporate bonds worth 100 billion won (US$89.86 million) this month with three-year maturity, according to the Korea Economic Daily on Oct. 5.
The defense arm of Hanwha Group has issued 220 billion won worth corporate bonds since June. And the additional funds will finance acquisition of 50 percent stake in its defense affiliate Hanwha Thales from Thales International for 288 billion won, to turn the company into a wholly owned subsidiary.
KB Investment and Securities is the lead manager of the issuance.
By Hwang You-mee (
glamazon@heraldcorp.com)
