Business · Companies · 2 hrs ago
KMW to issue 35 billion won in convertible bonds
KMW plans to issue 35 billion won in convertible bonds, according to a disclosure made on October 16.
The South Korean company is listed on the KOSDAQ market.
It plans to use 20 billion won for operating costs and 15 billion won for facilities.
Convertible bonds can be exchanged for company shares under set terms.
Bondholders can convert them into shares at 18,140 won each from October 26, 2027, through September 26, 2031.
If all the bonds are converted, KMW could issue about 1.93 million shares, equal to 4.37% of its current shares.
The disclosure gives the conversion period and terms but does not say whether or when investors will convert the bonds.
KMW, a company listed on South Korea’s KOSDAQ market, disclosed plans to issue convertible bonds worth 35 billion won.
The bonds will be the company’s 11th issuance of convertible bonds.
KMW plans to use 20 billion won for operating funds and 15 billion won for facilities.
The conversion price is 18,140 won per share, and the conversion ratio is 100%.
Bondholders may request conversion from October 26, 2027, through September 26, 2031.
- Who
- KMW, a KOSDAQ-listed company.
- What
- It disclosed plans to issue convertible bonds worth 35 billion won.
- When
- The disclosure was made on October 16, 2026.
- Where
- Not stated.
- Why
- KMW plans to use 20 billion won for operating funds and 15 billion won for facilities.
This story does not have two clearly opposing sides.
KMW disclosed plans to issue 35 billion won in convertible bonds.
The period for bondholders to request conversion is set to begin.
The conversion request period is set to end.
- Bond issue
- 35 billion won
- Issue number
- 11th convertible bond issuance
- Conversion price
- 18,140 won per share
- Conversion shares
- 1,929,437 shares, or 4.37% of shares already issued
- Planned use
- 20 billion won for operating funds; 15 billion won for facilities