Aprogen KIC Issues Convertible Bonds Worth 20 Billion KRW
[Asia Economy Reporter Jang Hyowon] AprogenKIC announced on the 7th that it will issue the 24th series of unnamed, interest-bearing, unsecured private convertible bonds worth 20 billion KRW. The issuance target is Korea Bond Investment Advisory.
The convertible bonds have a coupon rate and maturity interest rate of 1% each. The conversion price is 2,118 KRW, and upon conversion, 9,442,870 AprogenKIC registered shares (5.14%) will be newly issued. The conversion request period is from January 22, 2022, to December 21, 2023.
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Additionally, from six months after the bond issuance until one year and six months after, a call option is attached that allows Jibase or a third party designated by Jibase to request the sale of 50% of the bond principal.
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