South Korea’s LG Electronics plans to raise up to $1 billion with dollar bonds: Report

SYDNEY: South Korea’s LG Electronics is aiming to raise up to $1 billion in a dollar bond deal, according to three sources with direct knowledge of the matter.

The company has mandated investment banks to work on a 3-year and 5-year dollar bond deal, according to a term sheet seen by Reuters on Thursday.

The sources declined to be identified discussing confidential information.