SK Battery jolts market with $1bn green bond

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By Morgan Davis
20 Jan 2021

SK Battery America, a subsidiary of South Korea's SK Innovation Co, found outstanding response for its green dollar bond on Tuesday. The firm was able to tighten pricing by 45bp, with the notes trading even tighter in the secondary market.

The borrower, which develops batteries for electric vehicles, followed fellow SK Group company, SK Hynix, into the dollar market, after the memory chip maker saw overwhelming success with its $2.5bn transaction last week. All three of SK Hynix’s notes, sold on January 13, tightened by nearly 20bp ...

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