Goldman Sachs, Conversion of Convertible Bonds(Nov.25,2002)
2002-11-28On November 25, 2002, Kookmin Bank announced that Goldman Sachs & Co. notified Kookmin Bank of its request to convert the convertible bonds, which Goldman Sachs Capital Shilla, Ltd. holds, into common shares.
Upon this conversion, the paid in capital and capital reserves of Kookmin Bank will be increased to 1,641,293 million Won and 5,687,792 million Won, respectively.
Details for the conversion request is as follows.
| Request date | November 25, 2002 |
|---|---|
| Subject bonds | Subordinated convertible bonds |
| Principal amount | US$200 million |
| Conversion price | 22,124 Won per share |
| Number of shares to be issued | 10,581,269 common shares |
| Expected listing date | December 6, 2002 |