Lotte Rental's KRW 150 billion bond plan tests Lotte Rental stock

Published on 10/20/2026 at 03:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 4.3 percent to KRW 1.4967 trillion. For Lotte Rental stock, KRW 1.13 trillion of debt falls due by July 2027.

Refinancing and governance dates

Lotte Rental planned a KRW 150 billion bond bookbuilding on October 20, 2026.
First-half revenue rose 4.3 percent to KRW 1.4967 trillion.
Bond bookbuilding was scheduled for October 21, 2026, with issuance set for October 29, 2026.

Lotte Rental, KR7089860001, Illustration mit AI erstellt.

Lotte Rental (KR7089860001) planned a KRW 150 billion public bond issue on October 20, 2026, as refinancing pressure increased ahead of a change in control, according to Edaily on October 19, 2026. The company could increase the offering to KRW 300 billion if demand supports the larger size.

Three events shape financing

On October 1, 2026, TPG moved toward acquisition financing for a 61.18 percent stake valued at about KRW 1.3 trillion, according to ChosunBiz. On October 14, 2026, Financial News said Lotte Rental was preparing a KRW 150 billion bond offering that could reach KRW 200 billion, while on October 19, 2026, Edaily reported the October 20 bookbuilding plan.

What does the bond plan change?

The financing decision matters because Lotte Rental's first-half 2026 revenue reached KRW 1.4967 trillion, up 4.3 percent from the prior-year period, while operating profit rose 16.7 percent to KRW 168.3 billion, according to Edaily. The operating improvement has not removed the funding requirement: rental assets rose by KRW 1.0463 trillion in the first half, and free cash flow was negative KRW 142.7 billion.

Total debt increased 7.8 percent from KRW 4.5315 trillion at the end of 2025 to KRW 4.8831 trillion at the end of the first half of 2026. Short-term debt reached KRW 2.4368 trillion, while cash and cash equivalents stood at KRW 384 billion, making liquidity management the central financial issue identified by Edaily.

Dates for bonds and governance

Financial News reported that bookbuilding was scheduled for October 21, 2026, and that the bonds were due to be issued on October 29, 2026. The Globe and Mail reported that Lotte Rental called an extraordinary shareholders' meeting for October 30, 2026, with two TPG-linked non-executive director seats on the agenda.

Debt maturity sets the next test

Lotte Rental faces KRW 1.13 trillion in corporate bonds, commercial paper and electronic short-term bonds due for repayment or refinancing through July 2027, according to Financial News. For the stock, the combination of stronger operating profit and heavier refinancing needs leaves the bond reception and control transition as the next measurable signals.