Hyundai Merchant Marine Co.,Ltd. announced that it expects to receive KRW 300 billion in funding from Korea Development Bank, Investment Arm
December 18, 2016
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Hyundai Merchant Marine Co. Ltd. (KOSE:A011200) announced a private placement of 190th series registered and unsecured convertible bonds for gross proceeds of KRW 300,000,000,000 on December 19, 2016. The transaction will include participation from returning investor, KDB Private Equity. The bonds are convertible into common shares of the company at a fixed conversion price of KRW at 6,269 per share from December 19, 2017 to June 29, 2021. The bonds carry a fixed annual coupon of 1% and yield to maturity of 3%.
On March 9, 2017, the company announced that the bonds can now be converted into common shares of the company at an amended fixed conversion price of KRW 6,077 per share.
On May 22, 2017, the company announced that the bonds can now be converted into common shares of the company at an amended fixed conversion price of KRW 6,034 per share. The bonds are convertible into 49,718,263 shares.
On December 14, 2017, the company announced that the bonds can now be converted into common shares of the company at an amended fixed conversion price of KRW 5,813 per share. The bonds are convertible into 51,608,463 shares.
On December 19, 2017, the company announced that the bonds can now be converted into common shares of the company at an amended fixed conversion price of KRW 5,250 per share. The bonds are convertible into 57,142,857 shares.
On March 19, 2018, the company announced that the bonds can now be converted into common shares of the company at an amended fixed conversion price of KRW 5,000 per share. The bonds are convertible into 60,000,000 shares.
HMM Co Ltd, formerly Hyundai Merchant Marine Co Ltd, is a Korea-based company specialized in the provision of shipping services. The Company operates its business through three segments. The Container segment provides dangerous cargo service, reefer cargo services, over-sized cargo service and others. Its container services provide container carrier transportation services, which include transpacific services, Asia-Europe services, transatlantic services, intra-Asia services and Latin America services. The Bulk segment provides transportation services with vessels such as tankers, liquid natural gas (LNG) carriers, liquid petroleum gas (LPG) carriers and trampers for LNG, LPG, steel mills, power plants, coals and iron ores suppliers. The Other segment engages in the terminal operation.
HMM CO.,LTD 
