KH Vatec Issues Private Exchangeable Bonds Worth 33.5 Billion KRW

[Asia Economy Reporter Lee Junhyung] KH Vatec announced on the 6th that it will issue privately placed exchangeable bonds worth 33.5 billion KRW to secure operating funds.

The bonds have a coupon rate and maturity interest rate of 0.0%. The exchange price is 33,500 KRW per share. The bond maturity date is September 8, 2026.

Since the exchangeable bonds are exchangeable for treasury shares, the company plans to dispose of 1 million treasury shares.