Etron Issues Private CB Worth 35 Billion KRW
[Asia Economy Reporter Kwon Jaehee] E-Tron announced on the 30th that it will issue 35 billion KRW worth of unnamed, bearer, unsecured private convertible bonds (CB).
The coupon rate is 2.0%, the maturity interest rate is 7.0%, and the conversion price is 261 KRW. The shares issued upon conversion amount to 20.26% of the total number of shares. The conversion request period is from May 30, next year, to May 28, 2027.
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The company stated, "We plan to lend 30 billion KRW to KIT Co., Ltd., an affiliate of a major shareholder, or acquire corporate bonds, and the remaining 5 billion KRW will be used as operating funds."
This content was produced with the assistance of AI translation services.
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