[Infostock Daily= Reporter Park Hyo-sun] Hotel Lotte has doubled the amount of funds for corporate bond offerings that it originally intended to issue for 150 billion won.
In the forecast of corporate bond demand conducted by Hotel Lotte on the 21st, a total of 290 billion won was ordered for purchases, with 270 billion won for three-year corporate bonds (130 billion won recruitment) and 20 billion won for 10-year corporate bonds (200 billion won recruitment).
Samsung Securities, Korea Investment & Securities, NH Investment & Securities, KB Securities and Shinhan Financial Investment were in charge of issuing corporate bonds.
The issuance rate was -0.20% to +0.60% of the interest rate provided by private bond rating companies. Hotel Lotte's credit rating is AA0.
Hotel Lotte has decided to increase the bond issuance from 150 billion won to 300 billion won.
Hotel Lotte plans to use the funds raised through this issuance to repay debt.
Reporter Park Hyo-sun hs1351@infostock.co.kr
