Unprecedented Investor Demand for Corporate Bonds

In an extraordinary show of market confidence, SK Innovation, GS Caltex, and LX Pantos have each reported record-breaking demand for their latest corporate bond offerings. On April 22, these industry giants collectively attracted orders worth trillions of won, significantly surpassing their initial targets during the institutional investor demand forecasting phase.

SK Innovation Leads with Stellar Performance

SK Innovation emerged as the frontrunner, with purchase orders totaling 1.76 trillion won against a 400 billion won offering. The breakdown reveals 740 billion won for 2-year bonds, 710 billion won for 3-year bonds, and 310 billion won for 5-year bonds. Achieving target amounts at competitive interest rates, SK Innovation is now contemplating doubling its issuance to 800 billion won.

GS Caltex and LX Pantos Follow Suit

GS Caltex aimed for 120 billion won but secured 1.17 trillion won in orders, prompting considerations to increase issuance to 200 billion won. Similarly, LX Pantos witnessed overwhelming interest, with 1.54 trillion won in orders for a 150 billion won offering, leading to potential adjustments up to 200 billion won.

Market Confidence at an All-Time High

This surge in demand highlights the robust health of the South Korean corporate bond market, reflecting unwavering investor confidence in these companies' strategic positions and financial stability across the energy, oil refining, and international logistics sectors.