Lotte Chemical Receives 1.6x Subscription for 200B Won Bond Offering on July 23

According to Yonhapnews, Lotte Chemical received 310 billion won in orders for its 200 billion won three-year bank-guaranteed bond offering on July 23, achieving a 1.6x subscription ratio. The spread was set near the upper end of the company's target band, with a 35 basis point premium to AAA-rated bank bonds. The offering is guaranteed by four commercial banks—KB Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank—and received AAA ratings from Korea Ratings and Nice Ratings based on the bank guarantees.
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