Kraton Corporation announced last week that it had successfully completed a global bond issuance, raising $1 billion with the backing of Korea Development Bank’s credit guarantee.
In a July 11 news release, Kraton described the financial move as underscoring the strength of its market position and partnership with parent company DL Chemicals, framing the collaboration as “focusing on leveraging combined expertise and market reach to drive sustainable growth.”
Kraton said the bond issuance saw “robust participation” from investors across Asia, Europe, and the United States. Six bookrunners efficiently managed the book-building process: KDB, Citigroup, Crédit Agricole, JP Morgan, Mizuho, and Standard Chartered.
The three-year global bonds were issued at what the company described as “a competitive rate,” reducing overall capital costs due to the KDB-backed credit guarantee, the largest of its kind by a domestic bank, which played a crucial role in securing the favorable interest rate.
"This strategic financial milestone is a testament to the confidence the global market has in Kraton and DL Chemicals,” said Marcello Boldrini, Kraton’s CEO. “The credit guarantee from KDB, the largest ever by a domestic bank on global bonds, underscores our strong financial foundation and the exceptional trust in our strategic direction.”
DL Chemical's CEO, Jong Hyun Kim, added: "Our collaboration with Kraton continues to yield significant strategic benefits. This bond issuance strengthens Kraton's financial position and exemplifies the synergistic potential of our combined expertise and market reach."
For more information, visit KRATON.com.