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[DISCLOSURE] Danal (064260) announced Aug. 24 that it will issue convertible bonds worth 38 billion (US$33.88 million) to fund operations.
The coupon rate and maturity interest rate both stand at 0 percent, and the maturity date is Aug. 26, 2019.
The conversion price is 6,953 won and the conversion period is from Aug. 26, 2017 to July 26, 2019. Subscription and payment are due Aug. 26.
The bonds are being offered to Synergy Partners, Golden Bridge Asset Management, Korea Securities Finance, KTB Asset Management, Hyundai Asset Management, Hyundai Investment Asset Management, Mirae Asset Securities, K Clavis Investment, Korea Investment & Securities and Eugene Investment & Securities.
By Yun Jeong-hyeon (clareyun@heraldcorp.com)
The coupon rate and maturity interest rate both stand at 0 percent, and the maturity date is Aug. 26, 2019.
The conversion price is 6,953 won and the conversion period is from Aug. 26, 2017 to July 26, 2019. Subscription and payment are due Aug. 26.
The bonds are being offered to Synergy Partners, Golden Bridge Asset Management, Korea Securities Finance, KTB Asset Management, Hyundai Asset Management, Hyundai Investment Asset Management, Mirae Asset Securities, K Clavis Investment, Korea Investment & Securities and Eugene Investment & Securities.
By Yun Jeong-hyeon (clareyun@heraldcorp.com)
