Cheonbo Decides to Issue Convertible Bonds... Worth 250 Billion Won
[Asia Economy Reporter Lee Jung-yoon] Cheonbo announced on the 18th that it has decided to issue 250 billion KRW worth of bearer, non-interest-bearing, unsecured private convertible bonds to secure funds for acquiring securities of other corporations.
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Both the nominal interest rate and maturity interest rate are 0%, and the maturity date is February 22, 2027. The number of shares to be issued upon conversion is 785,792 shares, accounting for 7.29% of the total number of shares. The redemption request period is from February 22, 2023, to January 22, 2027.
This content was produced with the assistance of AI translation services.
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