Barun Technology Decides to Issue Convertible Bonds Worth 10 Billion KRW

[Asia Economy Reporter Minji Lee] Barun Technology announced on the 14th that it will issue 10 billion KRW worth of the 34th series of unnamed, interest-bearing, unsecured private convertible bonds. Both the nominal interest rate and the maturity interest rate are 4%.

The purpose of the fund raising is to acquire stocks and equity securities of other companies, and the issuance target is Edport Hightech Investment Fund No. 2. The conversion request period is from September 28 next year to August 28, 2023.