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Lotte Corp. Upsizes Bond Issuance to 150 Billion Won After Strong Demand
Finance · Financial Conglomerates · yonhap_finance · 2026-08-25
004990
Lotte Corp. successfully raised 150 billion won in corporate bonds after receiving orders four times the initial target, with proceeds earmarked for debt repayment.
What Happened
Demand Overview: Lotte Corp. (004990) saw robust demand for its 80 billion won corporate bond offering, attracting 345 billion won in bids. Due to the overwhelming investor interest, the company decided to increase the total issuance size to 150 billion won.
Maturity Breakdown: Both the two-year and three-year tranches were heavily oversubscribed. The two-year bond received 205 billion won in orders, while the three-year bond drew 140 billion won, reflecting strong market confidence.
Pricing Details: Final interest rates were adjusted slightly higher following the upsized issuance. The two-year notes were priced at 6 basis points above the individual private valuation yield, while the three-year notes were set at 2 basis points above the benchmark.
Use of Proceeds: The company plans to utilize the entire proceeds from this issuance to refinance its existing debt obligations. The offering was managed by a syndicate of major brokerage firms, including Kiwoom Securities and Shinhan Investment Corp.