Convertible Bond Issuance Decision and Option Terms
Optrontec files amendment for 15th convertible bond issuance: includes put option and call option terms.
Put Option I: Investors can demand early redemption if operating profit falls below 5 billion won or covenant breach, with IRR 3% (first 2 years) then 7%.
Put Option II: Early redemption possible every 3 months starting 36 months after issuance, at redemption rates of 109.38% to 115.25%.
Call Option: Company can buy back up to 5 billion won (20% of total) every 3 months within 12-24 months after issuance, at IRR 7%.
Additional yield: Maturity yield 3% p.a. plus additional 4% p.a. from year 2 onward (paid directly by company).
Largest shareholder's call option exercise limited to their ownership percentage at issuance.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)