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