Korea Securities Finance Issues First Foreign Currency Bonds Since Establishment

Korea Securities Finance has issued a foreign currency-denominated bond (global bond) totaling USD 300 million for the first time since its founding.

On the 2nd, Kim Jeong-Kag, CEO of Korea Securities Finance Corporation, spoke at the inaugural foreign currency bond issuance event. Korea Securities Finance Corporation

According to Korea Securities Finance on the 6th, the company made its debut in the global capital market for the first time in 71 years since its establishment in 1955, and became the first securities finance company in the world to issue a global bond through a public offering. The company issued a 3-year maturity US dollar-denominated public bond, and received a credit rating of 'Aa2' from Moody's, which is the same rating as the sovereign credit rating of the Republic of Korea.

Investor orders reached a record high among recent Korean issuers with the same sovereign credit rating, at eight times the issuance amount, totaling USD 2.4 billion. By investor type, banks accounted for 48%, asset management companies for 39%, and others for 13%. Despite this being the inaugural issuance, high-quality global investors participated.

Since taking office, Kim Jeong-Kag, CEO of Korea Securities Finance, has been working to strengthen the company's global capabilities, including obtaining a license for FX swap investment trading and establishing a Hong Kong subsidiary. This bond issuance is also part of these efforts, aiming to diversify funding channels beyond the domestic market to global markets, while simultaneously broadening the foreign currency liquidity supply base in the capital markets.

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