Issuance of KRW 15 Billion Hybrid Capital Securities Recognized as Equity, for Debt Repayment and Financial Soundness
Decision to issue KRW 15 billion of hybrid capital securities (private convertible bonds) recognized as equity, maturity 30 years, coupon rate 4.70%, step-up to 5.20% after 5 years
Purpose: Full use of KRW 15 billion for debt repayment, strengthening financial soundness (capital enhancement)
Interest payment may be deferred (resumed upon dividend or share buyback), deferred interest accumulates with compounding, issuer has early redemption right
Convertible bonds but recognized as capital; dilution of existing shareholders occurs only upon conversion, currently none
KOSDAQ Filing Information
Filing: Report On Major Events (Decision On Issuance Of Debt Securities Recognized As Capital)