SK Chemicals Issues 220 Billion Won in Exchangeable Bonds for Debt Repayment
On September 19, SK Chemicals announced that it had decided to issue a total of 220 billion won in bearer, unsecured private exchangeable bonds (EB). The purpose of this issuance is to improve its financial structure by securing funds for debt repayment. The bonds can be exchanged for SK Bioscience common shares held by SK Chemicals.
The coupon and maturity interest rates for the exchangeable bonds are set at 0%. No separate interest will be paid, and 100% of the principal will be repaid at maturity on October 20, 2030. Bondholders may request early redemption every three months starting from October 20, 2028, which is three years after issuance. The exchange request period runs from November 20, 2025, to September 20, 2030. The exchange price has been set at 57,555 won per share.
Hot Picks Today
At President Lee's Call to "Give Enough to Shock," Whistleblower Rewards Become a Real Lottery
- If They Fail Next Year, Bonus Drops to 97 Million Won... A Closer Look at Samsung Electronics DS Division’s 600M vs 460M vs 160M Performance Bonuses
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
An SK Chemicals representative stated, "This is part of our financial strategy for stable debt repayment," adding, "We will continue to strengthen our financial soundness to ensure sustainable growth."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
