Neorigin Issues Convertible Bonds Worth 10.7 Billion Won

[Asia Economy Reporter Jang Hyowon] Neogen announced on the 14th that it will issue convertible bonds worth 10.7 billion KRW.

The 10th series convertible bonds will be issued worth 3.7 billion KRW to Jo Myungje, Geum Sangyeon, Jeong Daetaek, Kim Geunyeong, and others. The nominal interest rate is 4%, the maturity interest rate is 8%, and the conversion price is 679 KRW per share.

The 11th series convertible bonds will be issued worth 7 billion KRW to Gil & Partners. The nominal interest rate is 4%, the maturity interest rate is 10%, and the conversion price is 679 KRW per share.

Neogen stated that the raised funds will be used to purchase game licenses.