Kwangjin Industrial Co. Ltd. announced that it expects to receive KRW 1.5 billion in funding from KDB Private Equity.
August 07, 2012 at 12:00 am
Kwangjin Industrial Co. Ltd. (KOSE:A026910) announced a private placement of registered unsecured private convertible debenture round 2 with new investor, Korean Development Bank for gross proceeds of KRW 1,500,000,000 on August 7, 2012. Korean Development Bank will invest through Korean Development Bank Noksan Branch. The bonds carry a coupon rate of 1% and a yield to maturity of 5.8%. The bonds will mature on September 3, 2015. The bonds are convertible into common shares of the company at KRW 6,628 per share from September 3, 2013 to September 3, 2015. The payment date is September 3, 2012.
On September 3, 2012, the company announced that the conversion request period will start on September 25, 2013 and end on September 25, 2015. The payment date is September 25, 2012.