TSI Decides to Issue Convertible Bonds Worth 4 Billion KRW
[Asia Economy Reporter Kwangho Lee] TSI announced on the 19th that it has decided to issue 4 billion KRW of anonymous, unsecured private convertible bonds (CB) to secure operating funds. The nominal interest rate is 0.0%, and the maturity interest rate is 0.0%. The bond maturity date is September 30, 2027. The conversion price is 9,160 KRW per share. The conversion request period is from October 21, 2023, to August 30, 2027. Upon conversion, 436,681 new shares, equivalent to 2.29% of the total number of shares, may be newly issued.
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