LH Issues 15-Year Euro-Denominated Bonds Worth 74.5 Billion Won

€50 Million Euro-Denominated Bond Issued
Interest Rate 0.10 Percentage Points Lower Than Domestic Won-Denominated Bonds

Korea Land and Housing Corporation (LH) said on October 22 that it had issued euro-denominated bonds worth €50 million, equivalent to 74.5 billion won.

The bond issuance was finalized on October 21, with a maturity of 15 years. LH said, "This is a rare 15-year bond issued by a Korean institution in the global bond market," adding that the issuance was significant because it secured medium- to long-term funding to stably support policy projects and diversified its debt maturities. Euro-denominated private placement bonds are typically issued with maturities of three to five years.

After the currency swap, the final interest rate in won was 4.297%, 0.10 percentage points lower than that of domestic won-denominated bonds, reducing interest expenses.

This issuance followed LH's €500 million public bond offering in November 2025, equivalent at the time to approximately 849.3 billion won, and was completed in response to requests from high-quality local European investors. The issuance is seen as demonstrating strong demand and confidence in the global bond market, underpinned by LH's credit ratings of Aa2 from Moody's, AA from S&P, and AA- from Fitch.

After previously issuing bonds denominated in Australian dollars (AUD), Japanese yen (JPY), and Canadian dollars (CAD), LH is also pursuing a U.S. dollar-denominated public bond issuance later in October.

An LH official said, "The proceeds from this bond issuance will be used for LH's key policy projects, including public housing construction, and are expected to help expand housing supply. We will continue to actively diversify our overseas funding sources to establish a stable foundation for implementing policy projects."

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