Forbes TNC Decides to Issue 10 Billion KRW Convertible Bonds
[Asia Economy Reporter Eunmo Koo] Forbis T&C announced on the 17th that it has decided to issue the 84th series of unnamed, coupon-bearing, unsecured private convertible bonds (CB) worth a total of 10 billion KRW to raise 5 billion KRW for debt repayment and 5 billion KRW for acquiring securities of other corporations. The bonds have a nominal interest rate of 2.0% and a maturity interest rate of 3.0%, with a maturity date of December 17, 2023. Upon conversion, 9,345,794 shares will be issued, representing 9.74% of the total shares outstanding, with a conversion price of 1,070 KRW per share.
Hot Picks Today
Taking Annual Leave and Adding "Strike" to Profiles, "It Feels Like Samsung Has Collapsed"... Unsettled Internal Atmosphere
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- "One Comment Could Lead to a Report": 86% of Elementary Teachers Feel Anxious; Half Consider Resignation or Career Change
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- On Teacher's Day, a Student's Gifted Cake Had to Be Cut into 32 Pieces... Why?
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
