Hyundai Petrochemical LBO hits market

Are investors are licking their lips in anticipation of the largest LBO facility so far this year?

Arrangers JP Morgan, Hana Bank and Kookmin Bank launched a Won 800 billion (US$666 million) LBO financing for the purchase of Hyundai Petrochemicals by Honam Petrochemical and LG Chem last Friday. At time when Korean banking assets continue to offer nominal margins, Hyundai Petrochemical offers a significant pick-up

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