Business · Markets · 2 hrs ago
South Korea’s LH raises €50 million with 15-year bond
South Korea’s Korea Land and Housing Corporation issued a 15-year bond denominated in euros.
The bond raised €50 million, about 74.5 billion won.
After a currency swap, the final interest rate in won was 4.297%, 0.10 percentage points below that of domestic won bonds.
LH is using overseas borrowing to diversify the currencies it raises funds in.
It also plans to issue a public bond in US dollars later this month.
The bond’s maturity is 15 years, and the next step LH has announced is that planned dollar issuance.
South Korea’s Korea Land and Housing Corp. (LH) issued a 15-year euro-denominated bond worth €50 million.
The bond’s final won interest rate after a currency swap is 4.297%, 0.10 percentage points below domestic won bonds.
LH said the proceeds will support policy projects, including public housing construction, and help expand housing supply.
The issuance followed requests from European investors, according to LH.
LH said it plans to issue a public dollar-denominated bond this month.
- Who
- Korea Land and Housing Corp. (LH), South Korea’s state housing corporation.
- What
- It issued a €50 million euro-denominated bond with a 15-year maturity.
- When
- The issuance was announced on October 22, 2026. The confirmed issue date was October 21.
- Where
- Not stated.
- Why
- LH said the proceeds will support policy projects, including public housing construction, and help expand housing supply.
This story does not have two clearly opposing sides.
LH issued a €500 million public bond, according to Yonhap.
LH’s €50 million, 15-year euro bond was confirmed, according to Chosun Ilbo.
LH announced the bond issuance.
LH said it planned to issue a public dollar-denominated bond.
- Bond amount
- €50 million
- Maturity
- 15 years
- Final won interest rate
- 4.297% after a currency swap
- Comparison with domestic won bonds
- 0.10 percentage points lower
- Bond arranger
- Nomura Securities
What people are saying
The proceeds from this bond issuance are planned to be used for LH’s major policy projects, such as public housing construction, and to help expand housing supply.