SYDNEY (Reuters) -South Korea's LG Electronics has raised $800 million through a dollar bond deal, according to a term sheet reviewed by Reuters. A 3-year bond raised $500 million and a 5-year sustainable bond $300 million, the term sheet showed. LG Electronics confirmed the transaction and said it was the first public foreign bond market deal the company had carried out in 12 years.
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Mark Zuckerberg is hoping a deeper relationship with LG Electronics can help stave off Apple’s competition in virtual-reality headsets.