Busan Jugong Decides to Issue 2.5 Billion KRW Convertible Bonds (CB)

[Asia Economy Reporter Eunmo Koo] Busan Jugong announced on the 17th that it has decided to issue the 8th series of unnamed, interest-bearing, unsecured private convertible bonds (CB) worth 2.5 billion KRW to raise operating funds. The bond's coupon rate and maturity interest rate are 3.0% and 5.0%, respectively, with a maturity date of December 18, 2022. The shares to be issued upon conversion amount to 3,086,419 shares, representing 5.15% of the total shares outstanding, with a conversion price of 810 KRW per share.