LGE launches new Korean corporate benchmark

LG Electronics (LGE), Korea's second largest electronics manufacturer has finally been able to raise the full $600 million it was looking for, after being forced to postpone one attempt last month. Under the lead of Citigroup, Credit Suisse First Boston, Lehman Brothers and Korea Development Bank, the Baa3/BBB- rated group priced a five-year fixed rate deal on Friday (June 10).