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BRIEF-Haengnam China to issue convertible bonds worth 1 bln won
August 22, 2016 / 6:16 AM / a year ago

BRIEF-Haengnam China to issue convertible bonds worth 1 bln won

Aug 22 (Reuters) - Haengnam China :

* Says it will issue the eighth unregistered/unsecured private convertible bonds, raising 1 billion won in proceeds for operations

* Maturity date of Aug. 22, 2019, yield to maturity of 3.0 pct and annual coupon of 1.0 pct, lump-sum redemption of principal on maturity date for the bonds

* A 100 pct conversion rate of bonds to common shares at 1,900 won per share

Source text in Korean: goo.gl/Tb9Fbe

Further company coverage: (Beijing Headline News)

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