LPL » Topics » Completion of Issuance of Overseas Convertible Bonds
This excerpt taken from the LPL 6-K filed Apr 20, 2005.
Completion of Issuance of Overseas Convertible Bonds
Class of bonds:
Zero coupon convertible bonds due 2010 (direct, unconditional, unsubordinated in right of payment, and subject to a negative pledge covenant, unsecured)
Aggregate face value:
up to USD 475 million (including the greenshoe option of USD 75 million)
Amount of net proceeds on April 19
A. Foreign currency:
USD 397.5 million (equivalent to KRW 406,046 million)
Course of events
A. Issuance approval date: April 12, 2005
B. Contract date: April 12, 2005
C. Subscription date: April 12, 2005
D. Closing date: April 19, 2005
Restriction on acquisition and exercise of rights by Korean:
Pursuant to Article 62-2 of Korean Regulation on Securities Issuance and
Disclosure Act, Korean residents (as defined under the Foreign Exchange Transactions Act) shall not acquire the convertible bonds or exercise rights thereunder for one year from the date of bond issuance.
A. The above aggregate face value of the convertible bonds includes the issued amount of USD 400
million on April 19 plus the greenshoe option of USD 75 million provided to the bookrunners.
B. The above amount of net proceeds of the convertible bonds in U.S. Dollars is the issued amount of
USD 400 million on April 19 (without considering the greenshoe option) minus the underwriting commission.
C. The above amount of net proceeds of the convertible bonds in Korean Won is calculated at the
exchange rate in effect on April 19, 2005 as firstly announced by Seoul Money Brokerage Services, Ltd. of KRW 1,021.50 to USD 1.00.
D. The greenshoe option of the bookrunners is exercisable from April 12, 2005 to May 12, 2005. The
Company will disclose the final amount of net proceeds in a subsequent filing if the greenshoe option is exercised.
Relevant disclosure date: April 12, 2005
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