Decision to Issue Convertible Bonds - Including Put and Call Options
-
DaeSung HiTech decided to issue convertible bonds (CB), but conversion price and issuance size are not disclosed.
-
Issuer holds a call option to repurchase up to 40% of principal within 12-24 months from issuance at a yield of 6.0% (compounded quarterly).
-
Bondholders hold a put option to demand early redemption every 3 months starting 24 months from issuance at a yield of 3.0% (compounded quarterly).
-
CB buyers must hold 40% of acquired bonds unconverted until the call option period ends (24 months after issuance).
-
The bond is issued to 'Pulp Project No.2 Venture Private Equity Fund', recently established with no financial statements.
KOSDAQ Filing Information
-
Filing: Report On Major Events (Decision On Issuance Of Convertible Bonds)
-
Company: Daesung Hi-Tech (129920)
-
Submission: Daesung Hi-Tech Co., Ltd.
-
Receipt: 05-11-2026