SBS corporate bonds secure demand exceeding twice the target amount.

2024-08-31 19:11:05

Final issuance amount of KRW 110 billion confirmed

All of the issued amount will be used to repay debt.

In addition, Ecobit, a key subsidiary of TY Holdings, the largest shareholder of SBS, was sold to IMM Consortium for 2.07 trillion won, accelerating the stabilization of Taeyoung Construction's financial structure and expected to graduate early from workouts.

There is an increased possibility that the SBS shares provided as collateral for creditors will be resolved.

 

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