KMH Decides to Issue Convertible Bonds Worth 20 Billion KRW
[Asia Economy Reporter Minwoo Lee] KMH announced on the 2nd that it has decided to issue 20 billion KRW worth of bearer, detachable warrant, unsecured private convertible bonds (CB) to raise operating funds. The coupon rate is 0%, the maturity interest rate is 1.0%, and the bond maturity date is November 1, 2023.
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The company explained, "The funds raised through the CB issuance will be used to secure operating funds and achieve management objectives such as expanding new businesses."
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