Bohae Brewery Co. Ltd. announced that it expects to receive KRW 5 billion in funding.
April 13, 2012 at 12:00 am EDT
Bohae Brewery Co. Ltd. (KOSE: A000890) announced a private placement of series 52 bonds bonds with warrants for gross proceeds of KRW 5,000,000,000 on April 13, 2012. The bonds carry a coupon rate of 1% and yield to maturity of 7.5%. The bonds have a maturity date of April 16, 2016. The warrants are fully exercisable into shares at KRW 833 per share. The warrants have an exercise period from April 16, 2013 to October 2, 2016.