SKC Issues KRW 1.39 Trillion in Public Bonds for Refinancing

SKC decided to issue unsecured bonds totaling KRW 1.39 trillion (Series 146-1: KRW 790 billion, 2-year, 4.223%; Series 146-2: KRW 600 billion, 3-year, 4.598%).
Proceeds will be used to repay KRW 1 trillion in commercial paper and KRW 437.5 billion in bank loans.
Bond credit rating: A0 (stable) from Korea Ratings, NICE, and KIS.
Q3 2025 consolidated sales: KRW 14.118 trillion, operating loss: KRW 1.974 trillion, net loss: KRW 2.208 trillion.
Debt ratio: 182.4%, total borrowings: KRW 35.801 trillion, net debt: KRW 27.866 trillion.
Contingent liabilities: USD 187 million guarantee for Absolics, 50% payment agreement for Kaneka patent lawsuit, etc.
Demand forecast results: 572.5% competition ratio for Series 146-1, 516.7% for Series 146-2.

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