Kakao prints $200m exchangeable into Loen

The transaction came as a surprise to the market since the Korean messaging app operator announced another domestic deal earlier this month.

Girl's Day is one of the K-Pop groups under Loen Entertainment

Danny Leung

April 26, 2016

Korean instant messaging services provider Kakao Corp made its debut in the international bond markets on Monday, raising W230 billion ($200 million) from a zero-coupon bond exchangeable into shares of newly-acquired music distributor Loen Entertainment.

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