LG Electronics Issues KRW 250 Billion in AA0-Rated Bonds for Refinancing

LG Electronics issues 3 tranches of unsecured bonds: 107-1 (KRW 150bn, 2yr), 107-2 (KRW 50bn, 5yr), 107-3 (KRW 50bn, 10yr); total issuance up to KRW 500bn (subject to bookbuilding).
Proceeds to repay existing debt (LG Electronics 75: KRW 100bn, LG Electronics 79-4: KRW 150bn).
Credit rating: AA0 (Korea Ratings, KIS, NICE).
Q1 2026 consolidated results: Sales KRW 23.7tn (+4.3% YoY), OP KRW 1.67tn (+32.9% YoY), net profit KRW 1.0tn.
EBITDA KRW 2.54tn, debt ratio 133.3%, total borrowings KRW 14.06tn, cash & equivalents KRW 8.63tn.
Key risks: global economic slowdown, FX volatility, intensifying competition, geopolitical risks (Middle East, Russia-Ukraine).

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