Hynix launches capital markets re-capitalization

In what should mark a key turning point in the re-shaping of corporate Korea, Hynix has launched its make-or-break re-capitalization.

A research blackout was imposed at midnight on Tuesday, with formal roadshows for an $800 million GDR and $350 million high yield bond scheduled to begin in Korea on Monday May 21, for pricing the week beginning June 11. Salomon Smith Barney is lead manager of what represents the most ambitious re-capitalization Asia's public markets have seen to date and the largest corporate restructuring in Korean history. 

Since the beginning of the Asian financial crisis, Salomon has...

To continue reading, please login or register for free

Click for more on: hynix | launches | capital | markets | recapitalization

Print Edition

FinanceAsia Print Edition