MS Autotech Issues 23 Billion KRW Convertible Bonds
[Asia Economy Reporter Hyungsoo Park] MS Autotech announced on the 25th that it will privately issue convertible bonds (CB) worth 23 billion KRW. The maturity date is June 29, 2025. The nominal interest rate and maturity interest rate are 2.0% and 3.0%, respectively. The funds are planned to be used for operating expenses, including payments for raw material purchases.
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The bonds can be converted into common stock from June 29, next year, until May 29, 2025. The conversion price is 5,745 KRW. Susung Asset Management, Leading Investment & Securities, Ebest Investment & Securities, Hanyang Securities, and History Investment Advisory will underwrite the convertible bonds.
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