Midas AI Issues Private Convertible Bonds Worth 4 Billion KRW

[Asia Economy Reporter Lee Jung-yoon] Midas AI announced on the 8th that it has decided to issue 4 billion KRW worth of unsecured private convertible bonds. This is to raise funds for acquiring securities of other companies.

The bond maturity date is January 11, 2024, with a nominal interest rate of 0% and a maturity interest rate of 3%. The conversion price is 722 KRW, and the conversion request period is from January 11, 2022, to December 11, 2023.