LG Electronics (LG) has received FinanceAsia’s prestigious Achievement Award for ‘Best Bond Deal’ in the North Asia region, which encompasses Taiwan, Japan, and South Korea. This recognition follows LG's successful issuance of global bonds totaling USD 800 million in April this year.
FinanceAsia commended LG for navigating heightened interest rate volatility, driven by geopolitical tensions in the Middle East, to successfully issue public bonds. The bonds, issued in U.S. dollars, attracted strong investor demand and were offered in two tranches: USD 500 million bonds with a three-year maturity and USD 300 million bonds with a five-year maturity, the latter being labeled as a Sustainability Bond.
FinanceAsia’s Achievement Awards are among the top three capital market awards in the Asia-Pacific region, recognizing excellence in Asia’s financial markets. These awards, evaluated by expert panels of investment and finance industry professionals, celebrate exceptional accomplishments in the capital markets, honoring issuers, investors, and intermediaries.
The winners of the Achievement Awards are determined through a rigorous process involving nomination, voting, and discussions among key stakeholders, arrangers, and panels. The primary award categories include Deal Awards, House Awards, and Dealmaker Poll.
The award selection criteria are based on four equally important factors: achieving successful outcomes for all parties involved, meeting the issuer's funding objectives, navigating market challenges and risks, and showcasing innovation to grow the market.