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KKR Acquires $820 Million in Samsung SDS Convertible Bonds
Global investment firm KKR has agreed to purchase $820 million (1.2 trillion won) in convertible bonds from Samsung SDS. This significant deal led to a substantial jump in Samsung SDS's share price.
15 Apr, 02:25 — 15 Apr, 04:43
The Story
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Source Diversity
Moderate (32/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
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Korea Herald
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channel-news-asia
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Geographic diversity— 2 regions9/34
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Sources
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Korea HeraldMostly Factual1h ago
Samsung SDS locks in W1.2tr from KKR in rare bonds deal
Samsung SDS, the IT services arm of South Korea's Samsung Group, said Wednesday it will issue 1.22 trillion won ($829 million) in convertible bonds to global investment firm KKR, bringing in the active minority investor to bankroll its push into artificial intelligence infrastructure and overseas acquisitions. What makes the deal unusual is its structure. According to a regulatory filing, the bonds mature in April 2032 and carry a fixed conversion price of 180,000 won per share, an 18 percent pr
By The Korea Herald
Read full article →channel-news-asiaMostly Factual3h ago
KKR to buy $820 million of Samsung SDS convertible bonds, shares jump 20%
Read full article →Coverage Timeline
First report: channel-news-asia · 15 Apr, 02:25|Full coverage: 2 · 2h|Window: 2h
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