HD Hyundai Oilbank's petrochemical subsidiary, HD Hyundai Chemical, announced on the 17th that it secured 363 billion won in funding, over four times its target of 90 billion won in its first company bond demand forecast of the year.
Earlier, HD Hyundai Chemical proposed interest rates based on the average rate of the A0 grade individual private bond evaluation company, ranging from -30 basis points (1 basis point = 0.01%) to +60 basis points for 2-year bonds and from -30 basis points to +70 basis points for 3-year bonds. The demand forecast gathered 163 billion won for the 2-year bond and 200 billion won for the 3-year bond.
An official from HD Hyundai Oilbank noted, "As this demand forecast concludes successfully, HD Hyundai Chemical plans to consider an increase in issuance of up to 150 billion won."