Lotte Tour Development Issues Convertible Bonds Worth 20.3 Billion KRW
Lotte Tour Development announced on the 28th that it has decided to issue convertible bonds (CB) worth 20.3 billion KRW. The coupon rate and maturity interest rate of these CBs are both 8%. The conversion price is 16,131 KRW. The purpose of the fund raising is to operate the casino and hotel at the Jeju Dream Tower complex resort.
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