Kodaco Co. Ltd. announced that it has received KRW 20 billion in funding from Skylake Incuvest & Co.
July 16, 2012 at 09:30 am IST
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Kodaco Co. Ltd. (KOSE:A046070) announced a private placement of 9th unregistered coupon non guaranteed private convertible bond for gross proceeds of KRW 20,000,000,000 on June 29, 2012. The bonds will be subscribed by KoFC Skylake Growth Champ 2010-5 PEF, a fund managed by Skylake Incuvest & Co. The bond will bear a coupon rate of 2% per annum and yield to maturity of 8% with a conversion price of KRW 2,625 per share of the company's common stock and a maturity date of July 16, 2017. The 100% conversion period starts on July 16, 2013 and ends on June 16, 2017. The payment date for the transaction will be July 16, 2012.
On July 16, 2012, Kodaco Co. Ltd. closed the transaction.
KODACO Co., Ltd. is a Korea-based company engaged in the manufacture of automobile components. The Company operates its business through two divisions: automobile components division, which produces engine parts including throttle bodies, water pump housings, cooling fan housings, oil pumps, oil pans, balance shaft housings and others; transmission parts, such as valve bodies, solenoid valve housings, covers, extension housings, pistons and others; steering parts, such as rack housing subassemblies, steering columns, power steering pump bodies and valve housing subassemblies; compressor parts, such as compressor heads and cylinders, as well as other products, such as filter housings, and communications division, which provides wireless fidelity (WiFi) phones.
KODACO CO., LTD 
