Yonhap Infomax NewsLotte Engineering & Construction Co. failed to attract any investor bids for its planned 110 billion won ($79.2 million) corporate bond issuance, despite offering yields above market rates, following recent credit rating downgrades by Korea Investors Service and NICE Investors Service.
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Lotte Engineering & Construction Fails to Attract Any Bids in 110 Billion Won Corporate Bond Bookbuilding
Lotte Engineering & Construction Co. failed to attract any investor bids for its planned 110 billion won ($79.2 million) corporate bond issuance, despite offering yields above market rates, following recent credit rating downgrades by Korea Investors Service and NICE Investors Service.