WFM Issues Convertible Bonds Worth 5 Billion Won
[Asia Economy Reporter Lee Junhyung] WFM announced on the 17th that it will issue 5 billion KRW worth of anonymous, unsecured private convertible bonds (CB) to Cosmos No. 3 Investment Association to raise operating funds.
The bonds have a nominal interest rate of 0% and a maturity interest rate of 3%. The conversion request period is from December 16, next year, to November 16, 2025.
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The conversion price of the bonds is 500 KRW, and if all are converted into shares, 10 million common shares will be newly issued, accounting for 27.6% of the total number of shares.
This content was produced with the assistance of AI translation services.
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