On April 4, Nexen Tire announced that it had submitted a report to the Korea Stock Exchange.
The company plans to issue 148 billion won of corporate bonds (about 800 million yuan).
Among them, 60 billion won of 2-year unsecured corporate bonds with an annual interest rate of 4.040%;
The 3-year unsecured corporate bonds of 88 billion won have an annual interest rate of 4.136%.
This is the first time that Nexen Tire has returned to the public bond market since October 2020.
The analysis pointed out that the issuance of bonds reflects the company's confidence in performance.
In 2023, Nexans tire sales hit a record high and turned a profit.
It is reported that this company initially planned to issue 100 billion won of corporate bonds.
Several securities companies in South Korea are expected to raise more funds than expected.
Subsequently, Nexen Tire decided to increase the issuance size by 48 billion won.
The relevant person in charge of the company said that this shows that investors are full of confidence in the company's development.