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SK REIT is concentrating all its efforts on acquiring Jongno Tower, but not everything is going smoothly. Corporate bonds, convertible bonds, electronic short-term bonds are struggling in the current market. The plan to prepare short-term electronic bonds worth around KRW 333 billion (planned) is progressing more slowly than expected. Last week, SK REIT offered 5.3% as the interest rate for electronic short-term bonds, but the effort was unsuccessful. The rate was raised to 5.5% to meet demand. As the issuance of electronic short-term bonds was delayed, as the core strategy of the Jongno Tower acquisition, was delayed, the REIT acquisition schedule was also postponed from the 13th to the 18th. […]
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Content Editor, Seoul Property Insight(SPI)
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