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
Filing: Report On Major Events (Decision On Issuance Of Convertible Bonds)