LG Electronics is making an attempt to prevent shareholders from cashing in their bonds ahead of the year 2000. The company, through its brokers Bankers Trust, advertised in Monday?s 'Financial Times' to the effect that floating rate notes, due in 2000, could be worth more than investors thought. A financial analyst, who wished to remain anonymous, said: ?LG is trying to induce bond holders not to cash in early. Under the terms of the bonds they bought they have an option to exercise early. LG is offering a premium to its bond holders because the financial situation of Korean companies has deteriorated.? The incentive is worth $30 million.
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