Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP NEWS) = LG Energy Solution is embarking on its first corporate bond issuance since its establishment. The company has submitted a securities report to the Financial Supervisory Service for the bond issuance.

The corporate bond consists of 2-year, 3-year, and 5-year maturities with a registered amount of KRW 500 billion. On 22nd, LG Energy Solution will conduct a demand forecast targeting institutional investors. And it will consider increasing the issuance amount depending on the result based on which the issuance price, fixed interest rate, and other specific conditions will be determined.

Previously, Korea Investors Service and NICE Investors Service assigned the company a credit rating of 'AA (Stable),' citing its stable business foundation secured through its top tier position in the global secondary battery market.

LG Energy Solution plans to accelerate its investment in expanding global battery production capacity and research and development (R&D) for next-generation batteries through the corporate bond issuance.

By Eun-young Huh(eunyoung114@nspna.com) and Bok-hyun Lee(bhlee2016@nspna.com)

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