This article appeared on Signal, a capital markets service, at 5:31 p.m. on September 8, 2026.
NH Investment & Securities (005940.KS) attracted more than 2 trillion won in orders in a corporate bond demand forecast. Korean Air (003490.KS) also drew more than twice its target amount.
NH Investment & Securities, rated AA+, received 2.19 trillion won (about $1.6 billion) in orders in a demand forecast for a planned 200 billion won public bond offering, according to investment banking sources on the 8th. The two-year tranche drew 670 billion won against a 50 billion won target, the three-year tranche 1.18 trillion won against 120 billion won, and the five-year tranche 340 billion won against 30 billion won.
NH Investment & Securities offered a rate range of minus 30 to plus 30 basis points over the benchmark yield set by private bond pricing agencies. One basis point equals 0.01 percentage point. The two-year and three-year tranches both filled their targets at 6 basis points below the benchmark yield, while the five-year tranche priced 3 basis points below the benchmark at the target volume.
Korean Air, rated A0, sought 200 billion won through two- and three-year tranches and received 463 billion won in orders. The two-year tranche drew 238 billion won against an 80 billion won target, and the three-year tranche 225 billion won against 120 billion won. Korean Air also offered a range of minus 30 to plus 30 basis points over the benchmark yield, securing its target volumes at 9 basis points below for the two-year notes and 8 basis points below for the three-year notes.
NH Investment & Securities plans to consider increasing the offering to as much as 350 billion won. Korean Air is also weighing an increase to 300 billion won.
