Amendment Filing for Extension of Convertible Bond Maturity
Vessel Co., Ltd. filed a correction report on May 14, 2026, for its convertible bond issuance decision originally submitted on December 28, 2022.
The amendment extends the bond maturity date; all other terms (conversion price, interest rates, etc.) remain unchanged.
Bondholders have the right to demand early redemption every three months from the first anniversary, with an early redemption yield of 4.0% per annum (compounded quarterly).
The early redemption schedule spans 12 periods from 2024 to 2027, each at 100% of the registered amount.
In case of default on principal or interest, T&E&M Co., Ltd. provides a guarantee for payment.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)