Dong Yang Gangchul Co., Ltd. announced that it has received KRW 40 billion in funding.
May 04, 2012 at 12:00 am EDT
Dong Yang Gangchul Co., Ltd. (KOSE:A001780) announced a private placement of series 40 bonds for gross proceeds of KRW 40,000,000,000 on May 2, 2012. The bonds have yield to maturity of 4% and matures on May 4, 2017. The company will also issue warrants with exercise price of KRW 2,356 per share. The exercise period of warrants is from May 4, 2013 to May 3, 2017. KTB Investment & Securities Co., Ltd. will serve as the lead manager.
On May 4, 2012, Dong Yang Gangchul Co., Ltd. closed the transaction.