Wave Electro Acquires Convertible Bonds Before Maturity
[Asia Economy Reporter Minji Lee] Wave Electro announced on the 22nd that it will acquire the 11th series of anonymously issued unsecured private convertible bonds issued domestically through a private placement for 2,076,360,000 KRW before maturity.
The reason for acquisition before maturity is to exercise the bondholder's early redemption right.
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The issuance date of the convertible bonds was April 22, 2019, and the maturity date was April 22, 2025.
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