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Mirae Asset Daewoo to raise up to 500B won from domestic bonds

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Mirae Asset Daewoo to raise up to 500B won from domestic bonds

South Korea's Mirae Asset Daewoo Co. Ltd. plans to issue 300 billion won of 3.5-year bonds on April 27, The Financial News reported March 21.

The domestic bond issuance volume can be increased up to 500 billion won, depending on the outcome of the bookbuilding process, the publication said, citing industry sources.

The latest bond offering is timed with 250 billion won of bonds coming due in May and another 200 billion won of bonds reaching maturity in August.

The company is also actively raising funds from equity-linked securities with 5.059 trillion won of ELS issued year-to-date, according to the report.

As of March 21, US$1 was equivalent to 1,071.18 South Korean won.