Investor Relations

[2024.02.20] To issue corporate bonds 100bps lower vs secured loans - SAMSUNG SECURITIES

2024.02.20

- SK REIT’s book building for KRW70b worth of corporate bonds has attracted

  KRW598b in bids. The bonds will probably be issued at a rate of around 4.2%.

- SK REIT will be able to save at least 30bps in interest costs (vs what it is currently

  paying on short-term bonds) as well as stabilize and diversify its borrowing structure.

- The negative impact of the incorporation of the water treatment asset should gradually

  diminish, leading to its valuation turning around.

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