ISU Chemical Co., Ltd announced that it expects to receive KRW 50 billion in funding from Focus Asset Management Co., Ltd., Shinyoung Securities Co., Ltd., Investment Arm, Mirae Asset Daewoo Co., Ltd., Investment Arm
August 13, 2018
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ISU Chemical Co., Ltd (KOSE:A005950) announced a private placement of 54th series unregistered coupon unguaranteed subordinate private convertible bonds for gross proceeds of KRW 50,000,000,000 on August 14, 2018. The round will include participation from Shinyoung Securities Co., Ltd., Investment Arm for KRW 45,000,000,000, a fund managed by Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 4,000,000,000, and Focus Asset Management Co., Ltd. KRW 1,000,000,000. The bonds will carry a coupon of 3% per annum and will have yield to maturity of 3% per annum. The bonds will be 100% convertible into 4,431,052 common shares of the company at a fixed conversion price of KRW 11,284 per share from August 16, 2019 to July 16, 2048. The bonds will be issued at par and will mature on August 16, 2048. The board of directors of the company approved the transaction. The subscription date is August 16, 2018. The transaction is expected to August 16, 2018.
ISU Chemical Co., Ltd is a Korea-based company engaged in the manufacture of petrochemicals. The Company and its subsidiaries operate its businesses through petrochemical division, which produces petrochemicals and specialized chemicals, including linear alkyl benzene (LAB), branched alkyl benzene (BAB), normal paraffin (NP), kerosene, parasol, heavy LAB, heavy BAB, tertiary alkyl benzene (TAB), linear alkylbenzene sulfonate (LAS), de-aromatized solvents, tertiary dodecyl mercaptan (TDM) and others; construction division, which constructs apartment buildings, public buildings, office buildings, roads, bridges, railways, plants and others, and fiber division, which produces knit fabrics and exports yarns. On November 1, 2013, the Company merged with its wholly owned subsidiary, ISU OIL & CHEMICAL CO, LTD.
ISU Chemical Co., Ltd announced that it expects to receive KRW 50 billion in funding from Focus Asset Management Co., Ltd., Shinyoung Securities Co., Ltd., Investment Arm, Mirae Asset Daewoo Co., Ltd., Investment Arm
ISU CHEMICAL CO., LTD 
