Creditors get $131m back from Kumho stake

South Korea flag
By Rev Hui
25 Sep 2013

Bank creditors successfully sold a stake in Korea's Kumho Tire on September 24, raising W141bn ($131m) through a placement.

Based on the amount of orders that came in, investors were keen to buy into Kumho as the final book ended up multiple times oversubscribed. 

There were over 50 lines in the book with bids mainly coming from domestic accounts.

The robust demand meant dealers were able to price ...

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