Samsung Securities will issue primary collateralized bond obligations CBOs for W401 billion US$355 million this week to help promising small businesses ease their financial difficulties.
The brokerage house will underwrite Monday private placements totaling W401 billion sold by 29 promising small companies which are unable to issue bonds on the basis of their own credit standing and float Wednesday primary CBOs for the same amount backed by a pool of these private placements, according to the Financial Supervisory Service.
Included in the primary CBOs are bonds totaling W100.2 billion issued by 11 companies whose investment grade is BB plus.
Last July, LG Investment and Securities issued primary CBOs totaling...
