Hyundai Heavy Industries $221.6 million exchangeable bond issue

Overview:

• Hyundai Heavy Industries (HHI) has issued $221.6 million coupon granted exchangeable bonds due 2020.
• The bonds are exchangeable for ordinary shares in Hyundai Merchant Marine. 
• Hyundai Samho Heavy Industries—an affiliate of HHI—has lent its ordinary shares in Hyundai Merchant Marine to bondholders for the purpose of increasing stability for the bondholder with respect to equity profit returns.

Katrin Kostadinova - Data analyst