NH Investment & Securities upsizes bond offering to $220M
What's the deal? NH Investment & SecuritiesDealroom has a profile for this one. Try Dealroom → has confirmed final terms for a 300 billion won (roughly $220 million) bond offering, its expanded post-IPO debt raise. The sale spans three tranches of unsecured bearer coupon public bonds maturing between 2028 and 2031.
Why now? The Korean securities firm finalised the conditions after demand forecasting and a corrected securities registration statement filed with the Financial Services Commission. Proceeds are earmarked primarily for debt repayment.
The details: The 78-1, 78-2, and 78-3 bonds are set at 70 billion, 190 billion, and 40 billion won respectively. All will be electronically registered and listed on the Korea Securities Depository system, and carry an AA+ rating from Korea Enterprise Rating, Korea Ratings, and Nice Investors Service.
Who's involved? The bonds are sold via public offering under firm commitment underwriting, led by Samsung SecuritiesDealroom has a profile for this one. Try Dealroom →, Shinhan InvestmentDealroom has a profile for this one. Try Dealroom →, Hana SecuritiesDealroom has a profile for this one. Try Dealroom →, Daishin SecuritiesDealroom has a profile for this one. Try Dealroom →, SK SecuritiesDealroom has a profile for this one. Try Dealroom →, and Hyundai Motor SecuritiesDealroom has a profile for this one. Try Dealroom →.
What's the endgame? NH Investment & Securities is a major South Korean securities firm offering brokerage, investment banking, and asset management services. It frequently taps the local bond market to refinance liabilities and strengthen its funding profile.
The signal: At roughly $220 million, the raise sits in the top fifth of comparable deals by size, a marker of scale in South Korea's domestic corporate bond market. The firm carries a market cap of about 10.3 trillion won.
Image credit: Generated with Gemini
