GS Engineering & Construction issues $150M Convertible Bonds
Seoul - Paul Hastings, a leading global law firm, announced today that the firm represented GS Engineering & Construction Corp. (“GS E&C”) in its issuance of US$150 million convertible bonds due 2021, with HSBC acting as the sole underwriter, which closed on July 21. The bonds were listed on the Singapore Exchange.
GS E&C is one of the largest construction companies in Korea, primarily engaged in the construction of residential, architectural and civil works, as well as industrial plants and power generation facilities globally. Its common stock is listed on the Korea Exchange.
This issuance was the first international securities offering by a Korean construction company this year.
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