GS Entech secures an amount exceeding the planned subscription by 350 billion won, 940 billion won

GS Entech secured purchase orders of 7 billion won in a corporate bond bookbuilding session held on 8 month 350 and exceeding the planned subscription of 940 billion won. Investor applications exceeded the planned offering amount.

The issuance totaled 350 billion won, divided into 2-year bonds worth 200 billion won and 3-year bonds worth 150 billion won. Under the bookbuilding process, investor orders were received first to determine the allocation criteria.

The bookbuilding results showed purchase applications of 2 billion won for the 460-year bonds and 3 billion won for the 480-year bonds. The total application amount was 940 billion won.

Based on the reported amount, the year maturity spread was 2basis points above the individual private valuation, 8bp. 3The specific spread level for the year maturity was not disclosed.

The bonds were absorbed as A-rated corporate bonds because the parent company, GS Global, provided a guarantee for the payment of principal and interest. The result reflected investor sentiment after the bonds were disclosed as guaranteed bonds.

The final issuance size and actual allocation rate will be finalized through the allocation and confirmation procedures. The issuer is GS Entec.

An investment banking industry official said the issuance terms would be finalized based on the demand forecast results. Additional disclosures are expected from the company.