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BackOsstem Implant issues 120 billion perpetual bonds... Lower debt ratio
Osstem Implant issues 120 billion perpetual bonds... Lower debt ratio
NEWS
연합뉴스1 hour agoBusiness1 min readSouth KoreaView original

Osstem Implant issues 120 billion perpetual bonds... Lower debt ratio

Expected to improve from 240% to 190%... Investment in US and Brazil corporations

Osstem Implantperpetual bondfinancial soundness

Quick Look

  • Osstem Implant announced on the 21st that it will issue perpetual bonds worth 120 billion won to strengthen its financial soundness.
  • Through this issuance, the debt ratio is expected to be lowered from the 240% range to the 190% range, and the funds raised will be used to invest in corporations in the United States and Brazil.

AI-generated summary

Why It Matters

Osstem Implant is seeking to stabilize its financial structure and raise its credit rating.

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Expected to improve from 240% to 190%... Investment in US and Brazil corporations

(Seoul = Yonhap News) Reporter Park Sang-hyun = Osstem Implant announced on the 21st that it has decided to issue perpetual bonds worth 120 billion won to strengthen its financial soundness.

The expected subscription and payment date is the 30th of next month, and the maturity date is November 30, 2056, 30 years later.

Osstem Implant explained that the issuance of perpetual bonds was a decision to stabilize the financial structure, strengthen financial soundness, and upgrade the credit rating.

The company plans to invest the funds secured through the issuance of perpetual bonds in corporations in the United States and Brazil.

An Osstem Implant official said, "The burden of payment guarantees related to existing borrowings will be reduced and the burden of interest costs will also be lowered, so the debt ratio is expected to fall from the 240% range to the 190% range. We will improve the borrowing structure of overseas corporations and lower the risk of exchange rate fluctuations."

What to Watch

AI outlook — possibilities, not facts

  • Debt ratio decreased to 190% level

    Likely · Within months

Open Questions

  • Who are the agencies that underwrite perpetual bonds?
  • When is the specific investment period for overseas corporations?

Related Topics

Osstem Implant
PeopleSanghyun Park
OrganizationsYonhap News
PlacesSeoulunited statesBrazil
Topicsperpetual bondfinancial soundnessUS corporationBrazil corporationdebt ratio
This article was originally published by 연합뉴스.

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