G.I.S Decides to Issue Convertible Bonds to 11 Funds
Decision to issue convertible bonds (CBs): G.I.S Co., Ltd. issues CBs to 11 private equity funds (exact amount not disclosed)
Conversion price adjustment: Can be adjusted down to 70% of initial price in case of market decline, with further adjustments within remaining issuance limit
Put option: Bondholders can demand early redemption starting 12 months after issuance (May 15, 2027) every 3 months, with redemption rates of 105.0945%~109.0850%
Call option: Issuer can force sale of all bonds held by underwriter at 5% compound annual yield 12 months after issuance