Korea Investment & Securities issues Samurai bond worth 360 billion yen
Korea Investment & Securities announced on 13 the issuance of non-guaranteed bonds denominated in yen worth 360 billion yen (approximately 3,353 billion won) and plans to use the raised funds for global business diversification. The company secured effective orders of 531 billion yen in the demand forecast, allowing it to lower the premium rate and finalize the issuance.
Korea Investment & Securities announced on 13 that it has issued non-guaranteed bonds (Samurai bonds) denominated in yen worth 360 billion yen (approximately 3,353 billion won). According to the company, the purpose of the issuance is to secure funds for global business diversification.
In the demand forecast held on 3, a total of 531 billion yen in effective orders was gathered. The company stated that it finalized the issuance after lowering the initially proposed premium rate due to orders exceeding the target amount.
The maturity structure consists of 2-year bonds worth 170 billion yen and 3-year bonds worth 93 billion yen. The two maturities were allocated based on investor demand.
The 5-year bond was issued for 97 million yen. This issuance marks the first time Korea Investment & Securities has launched a 5-year bond.
The issuance was handled by SMBC Nikko Securities. This is a Samurai bond aimed at domestic Japanese investors, issued in yen.
A representative from Korea Investment & Securities stated that the funds raised would be used to diversify global operations. Detailed execution plans will be provided in future disclosures.
The disclosure was made as of 13. The company stated that it will provide additional relevant materials to investors if necessary.