Cosnine Decides to Issue Convertible Bonds Worth 14 Billion KRW
Cosnine announced on the 14th that it has decided to issue 14 billion KRW worth of unsecured private convertible bonds to Shilla Asset Management to raise funds for debt repayment. The coupon rate is 3%, the maturity interest rate is 9%, and the bond maturity date is May 11, 2026.
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The conversion price is 1,325 KRW, and the conversion request period is from May 11, 2024, to April 11, 2026. The number of shares to be issued upon conversion is 10,566,037, accounting for 14.5% of the total number of shares.
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