WFM Issues Convertible Bonds Worth 5 Billion Won

[Asia Economy Reporter Lee Junhyung] WFM announced on the 17th that it will issue 5 billion KRW worth of anonymous, unsecured private convertible bonds (CB) to Cosmos No. 3 Investment Association to raise operating funds.

The bonds have a nominal interest rate of 0% and a maturity interest rate of 3%. The conversion request period is from December 16, next year, to November 16, 2025.

The conversion price of the bonds is 500 KRW, and if all are converted into shares, 10 million common shares will be newly issued, accounting for 27.6% of the total number of shares.