SK Hynix, which attracted 2.6 trillion won, is likely to break the record of the largest corporate bond issuance

SK Hynix, which attracted 2.6 trillion won, is likely to break the record of the largest corporate bond issuance: COMPANY / Reporter Kim Jisun / 2023-02-07 23:28:38

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Hynix (AA0) set a record for issuing corporate bonds all-time thanks to the popularity of the hot corporate bond market. With more than 2 trillion won in funds flocking, it filled the expected amount of issuance even for 10-year bonds with a long maturity.

According to the financial investment industry on the 7th, SK Hynix predicted demand for corporate bonds worth 280 billion won for 3 years, 280 billion won for 5 years, 60 billion won for 7 years and 80 billion won for 10 years, resulting in a total of 2.585 trillion won in orders. Three-year bonds with relatively short maturity attracted KRW 1.31 trillion, and five-year bonds also attracted KRW 1.3 trillion. Seven-year bonds with relatively long maturity attracted KRW 150 billion and 10-year bonds attracted KRW 95 billion.

SK Securities, NH Investment & Securities, and Korea Investment & Securities jointly hosted the demand forecast. SK Hynix plans to use the funds secured from the issuance of corporate bonds as debt repayment funds.