SEOUL May 12 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
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)