NewsPress Release
May 15, 2001
Daum induce 20 million dollars of foreign investment, issues overseas convertible bonds
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Daum Communications(CEO, Lee Jae-woong, www.daum.net) agreed to issue overseas convertible bonds worth 20 million dollars in the Euro market.
CSFB(Credit Suisse First Boston) and Hana Securities will act as the arranger and host company respectively and the convertible bonds, which will expire in three years and has a face interest rate of 0.0% and a payment expected date on the 22nd of this month, will be sold to foreign investors including CSFB.
Daum will utilize this investment to implement B2C infrastructure and strengthen its services including transmission charges to grow into the best Korean portal site.
CSFB(Credit Suisse First Boston) and Hana Securities will act as the arranger and host company respectively and the convertible bonds, which will expire in three years and has a face interest rate of 0.0% and a payment expected date on the 22nd of this month, will be sold to foreign investors including CSFB.
Daum will utilize this investment to implement B2C infrastructure and strengthen its services including transmission charges to grow into the best Korean portal site.
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