KCar Capital is planning to issue bonds worth KRW30 billion ($21.7 million) to fund auto financing for customers of parent group KCar, the leading digital auto retailer in South Korea.
In a filing with the Financial Supervisory Service, KCar’s financing arm disclosed that it will issue two separate unsecured bonds of KRW20 billion and KRW10 billion on Sept. 15, with the interest rate forecast in the range of 4.40% to 5.0%. The final interest rate, which will be announced next week, will depend on the level of demand for the offering, according to the company. Repayment of the bonds is due on March 15, 2027, and Sept. 13, 2027, respectively.
KCar said it expects strong investor interest due to the relatively high rate.
Revenue rose 3.4% y-o-y in Q2 2025
Revenue at KCar rose 3.4% year on year (y-o-y) and 0.7% quarter on quarter (q-o-q) to KRW609 billion in Q2 2025, according to its latest financials.
The company said that its used-car b-to-c market share increased to 12.7% during the quarter: It sold 38,468 units through online and offline channels and wholesale auctions, with 15,788 vehicles sold completely online, lifting its online share of retail sales to 55.9%. However, the number of units sold declined both y-o-y and q-o-q.
