Pulmuone Foods Issues 20 Billion Won Hybrid Securities, Totaling 70 Billion Won This Year

(Seoul=Yonhap Infomax) Su In Jeong – Pulmuone Foods Co., a subsidiary of Pulmuone Co., has once again raised capital through the issuance of hybrid securities, following a similar move in August.

According to a disclosure filed with the Financial Supervisory Service’s electronic disclosure system on the 20th, Pulmuone Foods issued 20 billion won ($14.7 million) in privately placed hybrid securities on the same day, with Kyobo Securities Co. acting as lead manager. In August, the company issued 50 billion won ($36.8 million) in hybrid securities.

The coupon rate was set at 5.90%, unchanged from the August issuance.

The bonds mature on November 28, 2055, providing a 30-year term from the subscription date.

The company stated that the purpose of the issuance is to “secure financial soundness and operating funds.”

sijung@yna.co.kr

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