Kolon Life Science Issues 25 Billion KRW Convertible Bonds
[Asia Economy Reporter Yoo Hyun-seok] Kolon Life Science announced on the 2nd that it has decided to issue convertible bonds (CB) worth 25 billion KRW for operations (10 billion KRW) and debt repayment (15 billion KRW). The coupon rate and maturity interest rate are 0.0% and 4.0%, respectively.
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The bond maturity date is December 10, 2051. The conversion price is 32,611 KRW, and the conversion request period is from December 10, next year to November 10, 2051. The issuance target is Hantoo SGJ No.1 LLC.
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