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July 17, 2018

Tongyang Networks to issue W20b BW

PUBLISHED : July 12, 2018 - 11:08

UPDATED : July 12, 2018 - 11:08

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[DISCLOSURE] Tongyang Networks (030790) announced on July 12 that it has decided to issue bonds with warrants worth 20 billion won (US$17.71 million) and offer to SC Lowy Financial Hong Kong to finance acquisition of other corporation’s shares. 

Both the coupon rate and maturity rate are 6 percent and the maturity date is July 12, 2021. 

By Hwang You-mee (glamazon@heraldcorp.com)

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