HD Korea Shipbuilding & Offshore Engineering, Issuance of 600 Billion KRW Convertible Bonds... Investment Funds
HD Hyundai's shipholding company, HD Korea Shipbuilding & Offshore Engineering, announced on the 25th that it will issue exchangeable bonds worth 600 billion KRW to secure operating funds.
These exchangeable bonds will be exchangeable for 1,730,576 shares of HD Hyundai Heavy Industries held by HD Korea Shipbuilding & Offshore Engineering. This corresponds to 1.9% of the total shares outstanding.
The interest rate is 0%, and the maturity is 5 years. The exchange price was set at 346,705 KRW per share, issued at a 10% premium over the reference stock price.
Hot Picks Today
If They Fail Next Year, Bonus Drops to 97 Million Won... A Closer Look at Samsung Electronics DS Division’s 600M vs 460M vs 160M Performance Bonuses
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- [Breaking] Blue House: "Israel Deports Two Korean Nationals Without Detention"
- Room Prices Soar from 60,000 to 760,000 Won and Sudden Cancellations: "We Won't Even Buy Water in Busan" — BTS Fans Outraged
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
HD Korea Shipbuilding & Offshore Engineering plans to use the raised funds for research and development and investment in hydrogen fuel cells, small modular reactors (SMR), offshore wind power, and other areas.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
!["Please Help Us": How Much Do Those Bowing 90 Degrees These Days Actually Earn? [Data Pick]](https://cwcontent.asiae.co.kr/asiaresize/307/2026052010120870131_1779239528.png)
