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Korea’s Hanon Systems issues KRW 300 billion bonds in three tranches
New York, Feb. 9 – Hanon Systems said it issued KRW 300 billion of corporate bonds in tranches with maturities of three, five and seven years.
The offering was upsized from a planned KRW 200 billion.
NH Investment & Securities Co., Ltd. was lead arranger.
Proceeds will be used to repay maturing debt and for operating capital.
Hanon Systems is a Daejeon, Korea provider of automotive thermal and energy management solutions.
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