ITech Decides to Issue Private Convertible Bonds Worth 11.5 Billion Won

[Asia Economy Reporter Minji Lee] I-Tech announced on the 7th that it has decided to issue the 2nd series of anonymous, unsecured, and uncollateralized private convertible bonds worth 11.5 billion KRW to raise operating funds.

The nominal interest rate and maturity interest rate are both 1%, and the conversion price is 6,069 KRW. The shares to be issued upon conversion amount to 1,894,875 shares, representing 17.31% of the total number of shares. The bond maturity date is July 15, 2023.