Alchera Decides to Issue Convertible Bonds Worth 23 Billion KRW

[Asia Economy Reporter Kang Nahum] Alchera announced on the 25th that it has decided to issue unnamed, interest-bearing, unsecured private convertible bonds (CB) worth 23 billion KRW.

The conversion price is 38,116 KRW with a 100% conversion ratio. The bond maturity date is November 29, 2026, and the conversion request period is from November 29, 2022, to October 29, 2026.

The company stated that the purpose of issuing the CB is "to raise operating funds and funds for acquiring securities of other corporations."