LH Secures 100 Million Swiss Francs in Landmark Bond Issuance

Korea Land and Housing Corporation (LH) has achieved a significant financial milestone by successfully issuing 100 million Swiss franc bonds in the Swiss market. This landmark achievement is particularly noteworthy as it represents the first Swiss franc-denominated bond issuance by a South Korean company in the current year. The successful placement, valued at approximately 188.5 billion Korean won, underscores LH's robust financial standing and its strategic approach to global capital markets.

Despite heightened volatility in the global financial landscape, exacerbated by escalating tensions in the Middle East, LH's ability to secure this funding demonstrates its resilience and strong investor confidence. The company highlighted its consistent market access and reliability as key factors in attracting overseas demand, particularly within the Swiss franc market, which is known for its stable investor base. This success builds upon LH's previous international financing efforts, including a 500 million euro public bond issuance in November, which was the first by a non-policy financial institution from Korea in 12 years.

LH's proactive strategy of expanding its investor base, particularly in Europe, and diversifying its foreign currency funding is crucial for supporting its extensive policy-driven projects. The corporation's commitment to securing stable financial foundations through such international endeavors reflects its dedication to national development and housing stability. As Oh Dong-geun, head of LH's finance department, stated, the company remains focused on attracting high-quality overseas investors and broadening its funding channels to ensure the sustained execution of its vital public initiatives.