[Announcement+] Bonne Issues 15 Billion Won Convertible Bonds... "Enhancing Global Competitiveness"

[Asia Economy Reporter Jang Hyowon] Bonne, a comprehensive beauty company engaged in cosmetics ODM and own-brand business (CEO Lim Seonggi), announced on the 21st that it will issue convertible bonds (CB) worth 15 billion KRW.

The convertible bonds have a coupon rate of 0.0%, and the conversion price per share is 4,500 KRW. The number of shares to be issued upon conversion is 3,333,330 shares, and the conversion request period is from February 27, 2021, to January 27, 2025.

The CB issuance targets are Mirae Asset Daewoo (3 billion KRW), NH Investment & Securities (1 billion KRW), Aju Good Growth Support Fund (7 billion KRW), Aju Good Growth 2nd Investment Association (1 billion KRW), and IBK-Equity PE Innovation Technology Investment Association (3 billion KRW).

Bonne stated, "Despite having surplus funds, this CB issuance is being carried out to enhance domestic and international competitiveness," adding, "We plan to continuously invest in building global-level R&D capabilities necessary for new overseas businesses, securing competitiveness in the global market, and strengthening integrated brand marketing solutions to leap forward as a global comprehensive beauty company."

Meanwhile, Bonne Co., Ltd. focuses on cosmetics ODM business and own-brand business, with 82% of total sales coming from overseas markets such as the United States, the United Kingdom, Canada, and China. Its representative own brand is 'Touch In Sol,' and it owns six other brands.