DECO&E Co.,Ltd. announced that it expects to receive KRW 4 billion in funding from STAR CAMP 202 CO.,LTD.
August 13, 2018
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DECO&E Co.,Ltd. (KOSDAQ:A017680) announced a private placement of 46th series of unregistered unguaranteed private convertible bonds for gross proceeds of KRW 4,000,000,000 on August 14, 2018. The transaction will include participation from Durban Partners Co., Ltd. The bonds will be issued at par and will carry a fixed coupon of 1% per annum. The bonds have yield to maturity of 3% and would mature on August 21, 2021. The bonds will be fully convertible into 3,703,703 shares of the company at a fixed conversion price of KRW 1,080 per share from August 21, 2019 to July 21, 2021. The transaction has been approved by the board of directors of the company. The subscription date of bonds is August 14, 2018, and the payment date is August 21, 2018.
DECO&E CO., LTD., formerly DECO-NETISHION CO., LTD, is a Korea-based company engaged in the manufacture and distribution of women's apparels. The Company's apparel brands include Deco, which is in a luxury casual style; 96NY, which is in a modern and casual style; ANA CAPRI, which is in a feminine style. The Company provides its products through department stores and commercial agents.