DRTech Issues Convertible Bonds Worth 14 Billion KRW
DRTech announced on the 22nd that it will issue 14 billion KRW worth of the 7th series of bearer subordinated unsecured private convertible bonds to raise facility and operating funds.
The coupon rate is 0.0%, and the maturity interest rate is 2.0%. The bond maturity date is May 4, 2029.
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The conversion price is 3,919 KRW per share, and the conversion request period is from May 24, 2025, to April 24, 2029. The number of shares to be issued upon conversion is 3,572,339 shares, accounting for 4.62% of the total number of shares.
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