MBK Co., Ltd. announced that it expects to receive KRW 15 billion in funding
January 11, 2017
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MBK Co., Ltd. (TSE:3121) announced private placement of 9th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 15,000,000,000 on January 11, 2017. The bonds will bear interest at a fixed rate of 2% per annum and will have a yield to maturity of 5%. The bonds will mature on February 9, 2020. The bonds are convertible into common shares of the company at a fixed conversion price of KRW 1,076 per share and conversion ratio is 100%.
MBK Co.,Ltd. is a Japan-based company mainly engaged in the merchant banking business and operations businesses. The Company operates through two business segments. Merchant Banking segment is involved in the investment business for domestic and foreign companies and real estate. Operation segment is involved in the operation and management of lodging facilities, dining facilities and bowling alleys, as well as the provision of hospital meals.
MBK CO.,LTD. 
