Studio Santa Claus Decides to Issue 4.5 Billion KRW Convertible Bonds (CB)
[Asia Economy Reporter Eunmo Koo] Studio Santa Claus announced on the 1st that it has decided to issue the 7th unsecured private convertible bonds (CB) worth a total of 4.5 billion KRW to raise 4 billion KRW for acquiring securities of other corporations and 5 billion KRW for operating funds. The shares to be issued upon conversion amount to 1,836,735 shares, representing 6.25% of the total number of shares. The nominal interest rate and maturity interest rate are 4.0% and 7.0%, respectively.
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