(Seoul=Yonhap Infomax) Myung Sub Byun = Korea Land & Housing Corporation (LH) announced on the 19th that it has issued its first-ever euro-denominated public bonds, raising €500 million (approximately 849.3 billion won or $650 million).


The bonds have a maturity of three years, with a coupon set at 37 basis points above the three-year euro midswap rate.


The transaction was jointly led by BNP Paribas, Crédit Agricole, Deutsche Bank, HSBC, and Korea Development Bank.


This marks the first euro-denominated public bond issuance since LH's integration.


Following its $500 million (about 693.6 billion won) US dollar-denominated public bond issuance in May, this is LH's second overseas public bond offering in 2025.


LH conducted in-person investor roadshows in Frankfurt, Amsterdam, and London in October, and held a global investor call targeting Asian and European investors online in November, successfully attracting investor participation.


As a result of these efforts, the latest issuance attracted orders totaling 2.2 times the offering amount from 41 global institutional investors.


By investor type, central banks and government agencies accounted for 34%, asset managers and funds 23%, and banks 19%, confirming robust demand from high-quality investors.


Oh Dong-geun, Head of Finance at LH, said, "All proceeds from this bond issuance will be used for the construction of public rental housing," adding, "We will continue to diversify our funding sources and attract new high-quality overseas bond investors to ensure a stable foundation for policy project execution."


msbyun@yna.co.kr


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