[This article was reported on “Radar M,” a paid media outlet specializing in the capital market in M..

SK Eco Plant raised funds about 10 times the amount of the recruitment in a public corporate bond demand forecast conducted on the 22nd. The credit rating of SK Eco Plant is A-.

According to the investment bank (IB) industry, SK Eco Plant received a total of 987 billion won in orders in its corporate bond demand forecast, which was conducted to raise 100 billion won. It received purchase orders exceeding the recruitment amount in all sections with 290 billion won for one-year recruitment of 50 billion won, 464 billion won for 1.5-year recruitment of 30 billion won, and 233 billion won for two-year recruitment of 20 billion won.

The issuance rate was 36bp (1bp = 0.01 percentage point) lower than the rate of private bond appraisers, 70bp lower for 1.5bp, and 61bp lower for 2-year. According to the results of the demand forecast, SK Eco Plant is considering issuing an increase, and the final issuance rate will be confirmed on the 29th.

The funds raised will be used to refinance corporate bonds, and bonds will be issued on the 30th. The representative organizers are SK Securities, Shinhan Investment & Securities, NH Investment & Securities, Korea Investment & Securities, Kiwoom Securities, and Hana Securities.

SK Ecoplan’s performance improvement seems to have affected the success of this demand forecast. SK Eco Plant’s consolidated sales in the first quarter of this year were KRW 4.8997 trillion and its operating profit was KRW 931.4 billion. The debt ratio was also 176 percent in the first quarter, down from 192 percent at the end of last year. Korea Credit Ratings said, “The gradual improvement in performance is expected to continue thanks to strong orders for semiconductor construction and the effect of incorporating additional subsidiaries such as semiconductor materials.”