Shares in Korean retail specialist Lotte Shopping Co rose 4.3% in trading on Wednesday. The company reportedly plans to sell US dollar bonds following investor meetings in Asia. Fitch Ratings recently assigned the company a foreign-currency senior unsecured A- rating, with a stable outlook.
Lotte Shopping also reportedly took part in the acquisition of supermarket chain operator Kim's Club, in cooperation with Homeplus Co, the South Korean unit of Tesco and E-Land Group, a major South Korean fashion retailer.
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.