DSC Investment Inc. announced that it expects to receive KRW 18.5 billion in funding from Kiwoom Securities Co., Ltd., Investment Arm, Hanyang Securities Co. Ltd., Investment Arm, KB Securities Co., Ltd., Investment Arm, HisStory Investment Management and other investors
December 07, 2017
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DSC Investment Inc. (KOSDAQ:A241520) announced a private placement of round 1 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 18,500,000,000 on December 8, 2017. The bond carries zero coupon rate and yield to maturity is 2%. The bond will mature on December 11, 2022. The bonds will be fully convertible into 3,309,481 shares at a fixed conversion price of KRW 5,590 per share between December 11, 2018 and November 11, 2022. The transaction was approved by board of directors of the company. The transaction will include participation from new investors Kiwoom Securities Co., Ltd. (KOSE:A039490), Hanyang Securities Co. Ltd. (KOSE:A001750), KB Securities Co., Ltd., Investment Arm, DS Different M Hedge Fund, and DS Different S Hedge Fund for KRW 2,000,000,000, each, C Squared PJT Mezzanine Hedge Fund 5 for KRR 1,500,000,000, and Aion Zeus Private Investment Trust 1, Aion Gaia Private Investment Trust 1, Aion Athena Private Investment Trust 2, and Aion Metis Pre-IPO Private Investment Trust for KRW 1,000,000,000, each, and other investors. The subscription and payment date for the bonds is December 11, 2017.
DSC Investment Inc. is a Korea-based company principally engaged in investment in small and medium enterprises. The Company operates its business main through investment unions, private equities fund and available for sale securities.
DSC Investment Inc. announced that it expects to receive KRW 18.5 billion in funding from Kiwoom Securities Co., Ltd., Investment Arm, Hanyang Securities Co. Ltd., Investment Arm, KB Securities Co., Ltd., Investment Arm, HisStory Investment Management and other investors