16 hours ago
Lotte E&C's Bond Gets Limited Buyers After Failed First Attempt
A construction unit of South Korean conglomerate Lotte Corp. garnered limited institutional buyers for a bond sale that was initially rebuffed by investors, underscoring the financial difficulties the group faces.
Lotte Engineering & Construction Co. sold 110 billion won ($80.5 million) of notes last month. Brokerages handling the deal initially failed to attract any orders after the builder's credit scores were cut in June.
