LG Chem’s first euro and dollar bonds are green blowouts

LGChem_alamy_253x168
By Addison Gong, Alex Radford
08 Apr 2019

LG Chem, the chemical and battery producing arm of South Korean group LG, launched its first euro and dollar bonds this week, after a long sojourn in the won market. All three tranches, which were also green bonds, were heavily oversubscribed.

Bookrunners for both bonds were Bank of America Merrill Lynch, BNP Paribas, Citigroup, HSBC, Morgan Stanley and Standard Chartered Bank.

Proceeds will be used to fund or refinance eligible projects under LG Chem’s green financing framework. There are four broad categories: low carbon transport, energy efficiency, sustainable water ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial