LH issues $500 million public offering bond...For the first time since September last year.

The Korea Land and Housing Corporation and LH announced on the 22nd that they will issue $500 million worth of public offering bonds worth about 680 billion won in Korean money.

It has been a year since the 700 million dollar public offering was issued in September last year.

The maturity of the bonds issued this time is three years, and the issuance rate is 55bp added to the U.S. government bond rate, the lowest among the three-year bonds issued by non-financial public corporations in the past three years.

LH raised about $1.43 billion this year and 1.9 trillion won in Korean money to implement government policies such as creating 3rd new cities and high-tech industrial complexes, expanding the supply of purchased leases, and prompt housing supply.