Korea Technology Decides to Issue 5 Billion KRW Convertible Bonds to Secure Operating Funds

[Asia Economy Reporter Kwon Jaehee] Korea Technology announced on the 16th that it has decided to issue 5 billion KRW worth of the 24th series anonymous bearer subordinated unsecured private convertible bonds to secure operating funds. The nominal interest rate and maturity interest rate are both 5%. The conversion request period is from September 30, 2023, to August 30, 2025. Upon conversion, 6,418,485 shares, equivalent to 4.75% of the total number of shares, may be issued.