INTERNET GIANT KAKAO IN PURSUIT OF EXCHANGEABLE BONDS TO EFFECT M&A’S

• South Korea‘s internet giant Kakao is mulling on allotting $300 million worth of exchangeable bonds to gather the capital  for its future mergers and acquisitions activities, the company said in a filing Thursday.
• The US dollar-enriched exchangeable bonds will be issued confidentially on Wednesday on the Singapore Exchange.

The best part is that investors in the hybrid securities will be ....