General Announcement::Buy-back and Cancellation

Issuer & Securities

Issuer/ Manager
HYUNDAI HEAVY INDUSTRIES CO., LTD.
Securities
HYUNDAIHEAVY US$221.6MEB200629 - XS1246021908 - 31WB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
29-Jun-2018 20:13:42
Status
New
Announcement Sub Title
Buy-back and Cancellation
Announcement Reference
SG180629OTHRJK35
Submitted By (Co./ Ind. Name)
Jun Soo Park
Designation
Senior Officer
Effective Date and Time of the event
29/06/2018 21:00:00
Description (Please provide a detailed description of the event in the box below)
Hyundai Heavy Industries Co., Ltd. (the "Company") has purchased and cancelled 89.71% of US$221,600,000 Zero Coupon Guaranteed Exchangeable Bonds due 2020 guaranteed by The Korea Development Bank and exchangeable into common shares of Hyundai Merchant Marine Co., Ltd (ISIN: XS1246021908) issued on 29 June 2015 (the "Bonds") and makes the following announcement :

(1) The Company has repurchased an aggregate amount of US$198,800,000 of the Bonds (the "Repurchased Bonds") at 100% of its principle amount and the settlement of the Repurchased Bonds had taken place on 29 June 2018.
(2) The Company has cancelled all of the Repurchased Bonds on 29 June 2018.
(3) The aggregate principal amount of the Bonds remaining outstanding following completion of the cancellation of the Repurchased Bonds is US$22,800,000.

Attachments

Announcement.pdf
Total size =282K