Xenofocus Decides to Issue Convertible Bonds Worth 10 Billion Won

Published 21 Aug.2020 14:35(KST)

[Asia Economy Reporter Eunmo Koo] Genofocus announced on the 21st that it has decided to issue the 3rd series of unnamed, unsecured private convertible bonds worth 10 billion KRW to raise facility funds. The shares to be issued upon conversion are 1,470,804 common stocks, accounting for 6.65% of the total number of shares. The nominal interest rate and maturity interest rate are 0.0% and 3.0%, respectively, and the bond maturity date is August 24, 2025.