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Hyundai Steel to issue W200b bonds

By 최희석
  • Published : Oct 5, 2016 - 16:09
  • Updated : Oct 5, 2016 - 16:09
[THE INVESTOR] Hyundai Steel will issue bonds to the value of 200 billion won (US$ 179.49 million) on Oct. 18.

According to finance industry sources, Hyundai Steel will issue 100 billion won 5-year bonds, and equal amount of 7-year bonds. KB Investment and Securities will oversee the sale.

Hyundai Steel said that the bonds are being issued in advance to take advantage of the low interest rates to raise funds for the 280 billion won worth of bonds maturing in January 2017.

By Choi He-suk (cheesuk@heraldcorp.com)