Seoul Metro Co Ltd, founded in 1974 and headquartered in Seoul, South Korea, operates the city's extensive subway system, providing efficient public transportation services to millions of commuters daily. As a vital component of Seoul's infrastructure, the company focuses on enhancing urban mobility through the maintenance and expansion of its transit network, which encompasses multiple lines and stations throughout the metropolitan area.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Seoul Metro has a notable history of bond issuances, with its first bonds issued in 1994 to finance infrastructure developments. The company has recently issued long-term bonds, including a significant $500 million offering in 2021, which was aimed at funding sustainable transportation initiatives. Current yields on Seoul Metro bonds are competitive within the industry, reflecting the company's stable cash flow and strategic investments. The bonds are characterized by various features, such as callable options, providing flexibility for the issuer in times of changing market conditions.