Hynix sells $500 mln 5-year convertible bonds
SEOUL May 12 (Reuters) - South Korea's Hynix Semiconductor Inc (000660.KS) said on Wednesday it sold 5-year bonds worth $500 million abroad that could be converted into its shares at 34,580 won apiece.
Hynix had said it would sell the bonds to refinance $583 million in convertible bonds issued in 2007, for which early redemption calls are expected in June.
Holders of the new bonds, which carry a coupon rate of 2.65 percent per annum, can exercise an option to request early repayment from three years after the issue, Hynix said in a filing with the Korea Exchange.
Credit Suisse (CSGN.VX), The Royal Bank of Scotland (RBS.L), Shinhan Investment Corp and Woori Investment & Securities were among the banks handling the issue. (Reporting by Rhee So-eui; Editing by Jonathan Hopfner)
- Alibaba IPO ranks as world's biggest after additional shares sold
- Study of smoking cancer patients fuels e-cigarette debate
- Exclusive: Iran seeks give and take on Islamic State militants, nuclear program
- Islamic State closes in on Syrian town, refugees flood into Turkey |
- Kurds say they have halted Islamic State advance on Syrian town