BK Tops Decides to Issue Convertible Bonds Worth 7 Billion KRW

[Asia Economy Reporter Minji Lee] BK Tops announced on the 20th that it has decided to issue privately placed convertible bonds worth 7 billion KRW to raise operating funds. The nominal interest rate and maturity interest rate are 0% and 3%, respectively.

On the same day, the company disclosed that it decided to lend 6.5 billion KRW to its subsidiary BK One. This amount accounts for 28% of its equity capital. The loan maturity date is May 17, 2022.