Shinsegae retails $300m perpetual bond

The Korean department store operator sells the nation's first dollar hybrid this year, tapping global debt markets while the nation’s local market remains shut.

Department store operator Shinsegae sold a maiden $300 million perpetual bond that is callable in year five late on Tuesday, marketing the instrument during a national holiday and keeping the Korean pipeline flowing after a weak start to the year.

¬ Haymarket Media Limited. All rights reserved.

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