LG Chem makes a splash with $608m equity-linked debut

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By John Loh
11 Apr 2018

LG Chem sealed its equity-linked debut in style this week, offering investors a rare dual-currency trade that added some much-needed diversity to their Asian portfolios. The $608m deal was also only the second undocumented sale of convertible bonds in the region, writes John Loh.

The petrochemicals arm of South Korean conglomerate LG Group launched the overnight sale on Tuesday after the market close with Credit Suisse as sole bookrunner, targeting up to $735m in euros and dollars through a dual-tranche trade.

LG Chem fixed the coupon and yield of both the three year non-call ...

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