(Photo = Shinsegae Construction)

 

[Alpha Biz= Reporter Kim Minyoung] On the 28th, Shinsegae Construction announced its decision to issue unsecured non-granted bond targeting its related party, the largest shareholder, to secure operating funds of 6.5 trillion won. The surface interest rate of the bonds is 7.078%, and the maturity date is 30 years from the issuance date, which is May 29, 2054.

Shinsegae Construction's largest shareholder, E-Mart, stated, "ES E&C Phoenix 1st SPC (Special Purpose Corporation), which plans to acquire the innovative capital securities issued by its subsidiary, Shinsegae Construction, has decided to enter into funding commitment agreements related to investment contracts with investors."

 

 

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