The convertible bond issued by LG Chem Ltd. is the first Asian corporate bond tradable on the Third Market of the Vienna Stock Exchange. The Corporate Bond (EUR and USD tranche) has a maturity until 2021 and a total equivalent issuing volume of EUR 493.6 million. With a denomination of EUR 100,000 and 200,000 USD respectively, the issue was aimed at institutional investors. LG Chem is part of the LG Group and is South Korea's largest chemical company with almost 30,000 employees and annual sales of around EUR 20 billion according to the company.
Vienna Stock Exchange as attractive place for international convertible bonds
The high number of new international bond listings confirms the service quality of the Vienna Stock Exchange. A high degree of reliability, a rapid listing process and an attractive framework are the reason why internationally renowned companies opt for a listing in Vienna. The Vienna Stock Exchange’s quotation list includes convertible bonds from large companies such as Astaldi, Bayer, Telecom Italia, Telefonica and Snam.