GS Entec Secures 94 Billion KRW in Subscriptions for 35 Billion KRW Corporate Bond

According to Yonhap Infomax, on July 8, GS Entec successfully completed demand forecast for a 35 billion KRW corporate bond offering, attracting 94 billion KRW in total subscription orders. The two-year tranche of 20 billion KRW received 46 billion KRW in bids, while the three-year tranche of 15 billion KRW drew 48 billion KRW. The bond received an A-grade rating, backed by parent company GS Global's principal and interest payment guarantee. The proceeds will be used for operating capital and capital investment in offshore wind power infrastructure equipment, with settlement scheduled for July 16.
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