Dongbuka No.1 Ship Investment Company
- Name
- Dongbuka No. 1 Ship Investment Company Co., Ltd.
- Classification
- Paper Company in possession of one vessel
- Establishment
- 16th January, 2004
- Promoter
- Korea Marine Finance Corporation
- Public Offering
- 24th and 25th March, 2004
- Underwriter
- Daewoo Securities
- Duration
- Approx. 14 years (1.75 years for ship building & 12 years after delivery)
The equity capital of general investors shall be redeemed at the end of 5th year after delivery.
- Target Asset
- One vessel ordered by Hyundai Merchant Marine Co., Ltd. to Hyundai Heavy Industries in 2003.
- Acquisition Price
- $66,934,000 (Approx. \80.4 billions) : $1 = \1,200
- Structure
- 1. Debt : Approx. \48.3 billions (60%) from the Export-Import Bank of Korea, Approx. \8 billions (10%) from the Industrial Bank of Korea
- 2. Equity: Approx. \16.1 billions (20%) underwritten by Daewoo Securities
- 3. Guarantee deposit: Approx. KRW 8 billions (10%) from Hyundai Merchant Marine Co., Ltd.
- Stock Listing
- Korea Exchange listed on 17th September, 2004
- Consignment Agreement
- 1. Ship Investment Management Company : KOMARF
- 2. Custody Company : Kook-min Bank
- Advisory
- Expert firms have participated to evaluate the validity of fund.
- Financial advisor : Samil PricewaterhouseCoopers
- Legal advisor : Kim & Chang law firm
