Eco-bit (credit rating A+) is back in the public offering corporate bond market for the first time i..

Eco-bit (credit rating A+) is back in the public offering corporate bond market for the first time in half a year.

Amid continued vigilance against private equity fund (PEF) investors after the Homeplus incident, it succeeded in easily collecting investment demand from institutional investors.

According to the investment bank (IB) industest on the 22nd, Ecovit conducted a demand forecast for the issuance of two-year green bonds worth 30 billion won, securing a total of 355 billion won in institutional orders.

The recruitment was filled at an interest rate that was 18bp (1bp = 0.01 percentage point) lower than the Minpyeong interest rate.

An official from the financial investment industest stated, “Ecobit is establishing itself as a blue-chip bond in the market based on its stable business portfolio and cash generation power.”

The funds to be raised this time will be utilized to build environmental energy facilities in Yeosu, a subsidiary of the company.

It is interpreted that it is a green bond aimed at financing eco-friconcludely projects and that there was no difficulty in raising demand due to the nature of short-term products.

In addition, the background of the success of the demand forecast is that it has been striving to attract investors by expanding its contact with institutional investors through active IR (business briefing) activities.

The public offering bond issuance date is on the 30th, and the organizers are KB Securities and Kiwoom Securities.

Meanwhile, Ecovit has been actively raising capital markets since it was acquired by the IMM Consortium (IMM PE, IMM Investment) at the conclude of last year.

Starting with a public offering worth 200 billion won in March this year, it issued 150 billion won in private equity bonds from May to June and 85 billion won in new capital securities in July.

The public offering bond issued in March was put into the exalter of acquisition finance. The debt-to-equity ratio reached 247.6 percent at the conclude of the first quarter, but stabilized at 181.3 percent at the conclude of the first half.