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Photo courtesy of Yonhap News |
LG Uplus is preparing to issue corporate bonds for the first time this year, targeting a total of KRW 250 billion across 3-, 5-, and 10-year maturities. The breakdown is KRW 150 billion for 3-year, KRW 70 billion for 5-year, and KRW 30 billion for 10-year bonds, with the potential to expand to KRW 500 billion depending on demand. The subscription date is set for January 28, with the final issuance to be announced on January 22.
This marks the company’s first 10-year bond issuance in four years. LG Uplus currently holds a ‘AA0 (Stable)’ credit rating, with credit agencies signaling potential for an upgrade. The bond issuance comes ahead of KRW 320 billion in maturing debt later this month, easing refinancing pressures.
The capital raised is expected to support long-term investments, including a KRW 615.6 billion AI data center in Paju, scheduled for completion in 2027. The new facility will be 4.2 times larger than Pyeongchon Mega Center and nearly 10 times Pyeongchon 2 Center, housing over 100,000 servers, supporting the company’s expanding B2B business.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
