HLB Innovation Decides to Issue Convertible Bonds (with Put and Call Options)


  • Decided to issue convertible bonds (CB) to 12 private funds. Specific issuance amount and conversion price not disclosed.
  • Bondholders can exercise a put option from 18 months after issuance, quarterly. Early redemption yield is 2.0% compounded quarterly.
  • Granted a call option to two specific investors (Investor1 16%, Investor2 8%) covering 24% of the issuance amount. Exercise price adds a 1.0% simple interest premium; exercise period is 12-24 months after issuance.
  • Call option takes precedence over put option.

KOSDAQ Filing Information


  • Report On Major Events (Decision On Issuance Of Convertible Bonds)
  • Company: HLB innoVation (024850)
  • Submission: HLB innoVation Co.,Ltd.

  • Shares: 31,684,453
  • Price: 26,300 KRW
  • Market Cap: 833.3 B KRW