Kuk-Il Paper Mfg Co.,Ltd announced that it expects to receive KRW 2 billion in funding from Korea Securities Finance Corporation, Investment Arm, KB Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm
December 04, 2018
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Kuk-Il Paper Mfg Co.,Ltd (KOSDAQ:A078130) announced a private placement of series 4 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 2,000,000,000 on December 5, 2018. The transaction will involve participation from Korea Securities Finance Corporation, Investment Arm for KRW 900,000,000, KB Securities Co., Ltd., Investment Arm for 500,000,000, and NH Investment & Securities Co., Ltd., Investment Arm for KRW 600,000,000. The bonds will have a coupon rate of 1% and yield to maturity of 5%. The bonds will be fully convertible into 2,392,344 shares of the company at a fixed conversion price of KRW 836 per share from December 07, 2019 to November 07, 2021. The bonds will mature on December 07, 2021. The subscription and payment date of the transaction are December 06, 2018 and December 07, 2018 respectively. The transaction was approved by the board of directors of the company.
KUK-IL PAPER MFG CO.,LTD is a Korea-based company specialized in the manufacture and distribution of paper products. The Companyâs products include food wrapping paper products used for wrapping candies, gums, hamburgers, ice creams and others; specialty paper products and industrial paper products, including paper products for steel plates and liquid crystal display (LCD) glasses, wall paper products, dust-free paper products and others; sanitary paper products, such as sterilizing paper products and dental paper products, and cigarette paper products, including cigarette filter paper products and paper used to roll cigarettes. The Company distributes its products within domestic market and to overseas markets.
Kuk-Il Paper Mfg Co.,Ltd announced that it expects to receive KRW 2 billion in funding from Korea Securities Finance Corporation, Investment Arm, KB Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm