Current Funds

Dongbuka

The ultimate solution provider, KOMARF

Dongbuka No.14 Ship Investment Company

Name
Dongbuka No.14 Ship Investment Company
Classification
Paper company in possession of one vessel
Establishment
23rd March, 2005
Promoter
Korea Marine Finance Corporation
Public Offering
12th July, 2005
Date of Delivery
27th June, 2008
Underwriter
Hyundai Securities, Daewoo Securities, Tong Yang Investment Bank (475,220 shares per ship)

*(SK Securities is the subscription consignee, co-allocated with Hyundai Securities)

Duration
Approx. 12 years after delivery(Capital redeemed as mature dividends)

* Early settlement possible by selling ship

* Asset subrogation from HMM to Dongbuka No.14 secured at the end of the investment period

Target Asset
  • 4,700TEU Container
  • (Built by Hyundai Samho Heavy Industries)
Acquisition Price
$78,650,000
Structure
  • 1. Debt: $62,920,000 (Unsubordinated advance)-80% of ship cost
  • 2. Equity: $7,865,000 (Subordinated advance)-10%
  • 3. Guarantee Deposit: $7,865,000 (Charter deposit)-10%
Earning Rate
  • Annual 6.00% fixed dividends
  • (Interest type, Dividends paid off every quarter)
Realization
Korea Exchange listed
Ship management
Hyundai Merchant Marine
Consignment Agreement
  • 1. Ship Investment Management Company: KOMARF
  • 2. Custody Company : Korea Development Bank
DART 공시 바로가기