[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Rent-a-Car, a class A corporate bond, succeeded in attracting more than 1 trillion won in corporate bond issuance demand forecasts. Kiwoom Securities also overcame the negative outlook for securities firms and met its target quantity sufficiently.
According to the financial investment industry on the 2nd, SK Rent-a-Car conducted a demand forecast for a total of 120 billion won worth of corporate bonds, including 20 billion won for 1.5 years, 60 billion won for two years and 40 billion won for three years, with a total of 1.68 trillion won in orders. SK Rent-a-Car is expected to increase to a total of 240 billion won as the demand forecast is successful.
SK Rent-a-Car presented an interest rate of -30bp (Basys Point, 1bp = 0.01% point) plus +80bp compared to individual public opinion in this demand forecast. As orders flock, it will be able to fill -60bp for 1.5-year products, -60bp for two-year products, and -54bp for three-year products, respectively.
According to FnGuide, SK Rent-a-Car's operating profit in the third quarter of last year was 13 billion won, up 117.86% from a year earlier. Sales during the same period are also estimated at 300 billion won, up 14.52 percent from a year earlier.
Kiwoom Securities also succeeded in predicting demand without difficulty. On the same day, Kiwoom Securities conducted a demand forecast for 150 billion won for two-year products, with a total of 715 billion won coming in. Kiwoom Securities presented an interest rate of -30bp to + 50bp compared to individual public opinion. I filled all the quantity at -31bp based on the declared amount. With the success of the demand forecast, Kiwoom Securities opened up the possibility of an increase to 300 billion won.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
