Kakao prints $200m exchangeable into Loen

The transaction came as a surprise to the market since the Korean messaging app operator announced another domestic deal earlier this month.

Kakao prints $200m exchangeable into Loen

Korean instant messaging services provider Kakao Corp made its debut in the international bond markets on Monday, raising W230 billion $200 million from a zero-coupon bond exchangeable into shares of newly-acquired music distributor Loen Entertainment.

The transaction came as a surprise to the market because the company had already announced a separate W250 billion domestic convertible bond issue earlier this month. Equity-linked specialists said they had not expected the company to launch...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...