[DISCLOSURE] Curocom (040350) will raise 6 billion won (US$5.40 million) by issuing convertible bonds targeting K Partners, its subsidiary.
The newly issued bonds will be used to finance acquisition of other corporation’s stocks. The coupon rate and the rate of its yield to maturity stands at 4.0 percent and 8.0 percent, respectively. The conversion period is between July 21, 2017, and June 21, 2019, and the conversion price is 3,448 won per share.