SK Hynix to issue $ 500 million in dollar bonds to prepare for protracted slowdown – The Korea Economic Daily

SK Hynix to issue $ 500 million in dollar bonds to prepare for protracted slowdown – The Korea Economic Daily

South Korean firm SK Hynix Inc. plans to raise $ 500 million by issuing dollar-denominated bonds in October to secure a prolonged industry downturn in the wake of the COVID-19 pandemic.

According to the investment banking industry, on August 31, the world’s second-largest memory chip maker began the sale process, selecting unidentified foreign securities firms as lead issuers of the bond issue.

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