E&Corporation Issues Convertible Bonds Using Treasury Stocks... "Securing Funds for Future Environmental Business"

[Asia Economy Reporter Jang Hyowon] EN Corporation announced on the 8th through a public disclosure that it will issue exchangeable bonds (EB) worth 10 billion KRW. The exchange target is 2,702,702 shares of listed stock held by EN Corporation. The issuance and payment date is scheduled for the 10th, and the exchange price is 3,700 KRW per share. The exchange request period is from the 11th until one month before the maturity date, January 10, 2028.

The purpose of fundraising is positively viewed as a preemptive capital securing measure for future environmental business. Exchangeable bonds refer to bonds that give investors the right to exchange the bonds they hold for securities owned by the issuing company after a certain period.

In particular, the coupon/maturity interest rate of these bonds is 0%, and no separate interest is paid before or at maturity, achieving the effect of minimizing financing costs in the ongoing high-interest-rate era since last year.

EN Corporation stated, "We plan to accelerate the promotion of future environmental business with the secured funds."

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