Enchem Resolves to Issue Convertible Bonds Worth 50 Billion KRW
Enchem announced on the 5th that it has resolved to issue convertible bonds (CB) worth 50 billion KRW to raise facility and operating funds.
The coupon rate is 0%, the maturity interest rate is 5%, and the conversion price is 70,711 KRW, with the shares issued after conversion accounting for approximately 0.04% of the total shares.
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The conversion period is from July 7, 2024, to June 7, 2028.
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