NeonTech Issues 25 Billion KRW Convertible Bonds

NeonTech announced on the 23rd that it has decided to issue convertible bonds (CB) worth 25 billion KRW to raise operating funds and funds for acquiring securities of other corporations. The nominal interest rate is 0%, and the maturity interest rate is 3.5%.

The conversion price is 3,555 KRW. The conversion period is from May 24, 2024, to April 24, 2026. The shares issued upon conversion will account for 14.32% of the total number of shares.