Changes to Corporate Law Restrict Use of Paid-in Capital Increases and Convertible Bonds, Weakening Creditor Status
Recent amendments to South Korea's Corporate Law are expected to significantly limit companies' ability to raise funds through methods that may dilute shareholder value, potentially impacting creditor positions as well.
Nippon Steel Issues 600 Billion Yen Convertible Bonds, Utilizing Funds for Acquisition of US Steel
Nippon Steel has announced the issuance of 600 billion yen in convertible bonds to finance its acquisition of US Steel, a significant investment in the steel industry.
AEK: Increase in share capital of 10 million euros
AEK is issuing a convertible bond loan of 10 million euros, effectively increasing its share capital without collateral and at zero interest.
Convertible Bond. Snam Secures Its Stake in Italgas
Snam has executed a dual operation involving the placement of a €500 million green convertible bond due in 2031 and the repurchase of existing convertible bonds, resulting in significant stock price increases for both Italgas and Snam.