CS Bearing Decides to Issue 10 Billion KRW Convertible Bonds

[Asia Economy Reporter Jang Sehee] CS Bearing announced on the 16th that it has decided to issue 10 billion KRW worth of unsecured private convertible bonds and bonds with warrants respectively to raise facility funds and operating funds.

The coupon rate and maturity interest rate are both 0%, and the bond maturity date is September 18, 2025.

The conversion price is 31,626 KRW. The proportion of shares to be issued upon conversion is 3.3%. The conversion request period is from September 18, 2021, to August 18, 2025.