[Edaily Reporter KIM YOON-JEONG ] KBI METAL CO., LTD.(024840)announced on the 17th that it has decided to issue its 5th series of bearer, non-callable, unsecured private placement convertible bonds (CBs) worth 40 billion won to raise funds for working capital and subsidiary business operations.
The coupon rate and maturity rate are both 0%, and the bond maturity date is June 25, 2031. The subscribers include SamsungSecurities, KB Securities, NH INVESTMENT & SECURITIES, MIRAE ASSET SECURITIES, Shinhan Investment & Securities, KIWOOM Securities, Yuanta Securities Korea, and several mezzanine investment funds.
The conversion price is 5,140 won per share. The number of shares to be issued upon conversion is 7,782,101, representing 15.78% of the total number of shares. The conversion request period runs from June 25, 2027, to May 25, 2031.
Of the funds raised, 10 billion won will be used for working capital, such as the purchase of raw materials, while 30 billion won is scheduled to be invested in facilities and operational support for the subsidiary’s transformer business.
The coupon rate and maturity rate are both 0%, and the bond maturity date is June 25, 2031. The subscribers include SamsungSecurities, KB Securities, NH INVESTMENT & SECURITIES, MIRAE ASSET SECURITIES, Shinhan Investment & Securities, KIWOOM Securities, Yuanta Securities Korea, and several mezzanine investment funds.
The conversion price is 5,140 won per share. The number of shares to be issued upon conversion is 7,782,101, representing 15.78% of the total number of shares. The conversion request period runs from June 25, 2027, to May 25, 2031.
Of the funds raised, 10 billion won will be used for working capital, such as the purchase of raw materials, while 30 billion won is scheduled to be invested in facilities and operational support for the subsidiary’s transformer business.
