UTI Decides to Issue 52 Billion KRW Worth of Convertible Bonds
UTI announced on the 31st that it has decided to issue the fifth round of bearer, coupon, unsecured private convertible bonds (CB) worth 52 billion KRW. The purpose of the CB issuance is to raise 10 billion KRW for operating funds and 42 billion KRW for facility funds. The coupon rate is 1%, and the maturity interest rate is 3%. The bonds can be converted into registered common shares of UTI, with a total of 2,115,971 shares eligible for conversion. The conversion price is 24,575 KRW per share, with a conversion ratio of 100%. The bond maturity date is November 27, 2030. The conversion request period runs from November 27, 2026, to October 27, 2030.
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