GS Engineering breaks hiatus with $150m convertible

Power_plant 230-150x
By Jonathan Breen
14 Jul 2016

South Korea’s GS Engineering & Construction Corp made its first appearance in the dollar convertible bond market in over two years, raising $150m from its return.

Sole bookrunner HSBC opened books for the 2021 CB on the afternoon of July 7. The issuer, part of Korean conglomerate GS Group, was offering the paper at a 25%-30% conversion premium range, using its W27,300 ($23.97) close the same day as a reference. The deal is puttable after ...

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