STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSydney -South Korea's LG Energy Solution has mandated investment banks to work on a potential dollar-denominated green bond deal, according to a term sheet seen by Reuters.
Bank of America, Citigroup, Morgan Stanley, Standard Chartered and the Korea Development Bank are working on the transaction. "A final decision on specifics including whether to issue corporate bonds is set to be made after closely examining the market situation with the five joint lead managers," an LG Energy Solution official said in a statement to Reuters.
The term sheet said the bonds could be issued in three and five-year tenors but did not outline the size of the deal if a transaction does go ahead.LG Chem, LG Energy Solution's parent company, raised $2 billion in five and seven-year exchangeable bonds in July. Those bonds will be exchangeable into LG Energy Solution common shares.
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