Hyundai Doosan Infracore Co., Ltd. announced that it expects to receive KRW 31.5 billion in funding from NH Investment & Securities Co., Ltd., KB Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Kyobo Securities Co ., Ltd, Eugene Investment & Securities Co.,Ltd.
July 23, 2020
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Doosan Infracore Co., Ltd. (KOSE:A042670) announced a private placement of series 69 non-guaranteed private equity bonds for gross proceeds of KRW 31,500,000,000 on July 24, 2020. The transaction will include participation from NH Investment & Securities Co., Ltd. (KOSE:A005940), KB Securities Co.,Ltd., Korea Investment & Securities Co., Ltd., Kyobo Securities Co ., Ltd (KOSE:A030610) and Eugene Investment & Securities Co.,Ltd. (KOSE:A001200) for KRW 6,300,000,000 each. The bonds will mature on August 03, 2023. The bonds carry coupon rate of 2.820% per annum and interest rate of 4.970% per annum. The bonds are 100% convertible into 4,320,987 common shares representing 2.06% stake at a conversion price of KRW 7,290 per share. The conversion period will start from August 03, 2021 and ends on July 03, 2023. The payment date and subscription date is August 3, 2020. The bonds to be issued in the transaction will have a lock in period of one year. The transaction has been approved by the board of directors of the company.
On July 30, 2020, the company announced that the bonds will now be convertible into 4,244,710 common shares at a conversion price of KRW 7,421.
On August 3, 2020, the company announced that the bonds will now carry coupon rate of 2.810% per annum and interest rate of 4.960%.
On August 3, 2022, the company announced that the bonds will now be convertible into 1,705,434 common shares at a conversion price of KRW 5,735.
Kyobo Securities Co., Ltd is a Korea-based company engaged in the provision of financial services. The Company operates securities dealing business, including stocks, bonds, promissory notes, foreign currency securities, futures, options, derivative embedded securities and others; entrust buying and selling business; securities underwriting business, including equity securities, debit securities, foreign currency securities and others; credit offering business; bond transaction with repurchase agreements dealing business, and others.
KYOBO SECURITIES CO.,LTD. 
