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Hyundai Logistics to raise 40b won by selling bonds

Record online purchases bolster express delivery market, allowing it to halve borrowing costs

Seoul

HYUNDAI Logistics Co, rated junk six months ago, is set to almost halve borrowing costs this week as it helps deliver record online purchases by South Koreans.

The nation's third-largest delivery service company plans to raise 40 billion won (S$49.6 million) selling two and