Lotte Shopping, OUE add diversity to Asia equity-linked

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By John Loh, Jonathan Breen
15 Mar 2018

Lotte Shopping raised W303.6bn ($285.4m) from a five year put three exchangeable bond on Wednesday, which some bankers thought was priced at overly generous terms.

Nomura, which has been on nearly all of Lotte Shopping’s equity raisings, launched the trade with joint bookrunner BNP Paribas.

Department store operator Lotte Shopping, part of the sprawling Japanese and South Korean Lotte conglomerate, was in the market to sell shares in its household appliances retailing unit, ...

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