Formal roadshows are likely to start around Monday June 3 after two weeks of pre-marketing under the joint lead of Credit Suisse First Boston, UBS Warburg, LG and Samsung Securities. Co-leads are ABN AMRO, Daewoo Securities and JPMorgan.
The government is planning to sell a 15% stake, which would raise $558 million if the deal came with no discount and was priced off yesterday's Wednesday closing share price of W6800. Given that the bank now has a market capitalization of $743.5 million, the 101 million secondary share deal will also trigger the $500 million Opera bond launched last December.
Under the terms of the deal, a QPO Qualified Public Offering occurs if the...
