Doosan Infracore Co. Ltd., a Korean machinery manufacturer, has successfully issueddollar-denominatedbonds worth $300 million despite concerns that the company may be sold off as part of the corporate restructuring ledby parent company Doosan Group.
The company was able to secure enough demand for the three-year maturity bonds backed by state-run Korea Development Bank (KDB). Doosan Infracore, one of profit-making units of Doosan Group, said it plans to use the proceeds for loan repayments andoperations.
According to industry banking sources, the debt sale attracted $600 million from 38 foreign investors during the bookbuilding conducted on July 14, double the amount raised. Asian investors accounted for 93%, with the remaining 7% from …
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