RBW Decides to Issue Convertible Bonds Worth 15 Billion KRW

RBW announced on the 21st that it will issue the first tranche of unnamed, interest-bearing, unsecured private convertible bonds (CB) worth 15 billion KRW to raise operating funds.

The bonds have a nominal interest rate of 0% and a maturity interest rate of 2%, with a conversion price of 7,238 KRW. The conversion request period is from September 1, 2024, to July 31, 2028, and the shares issued upon conversion amount to 2,072,395 shares, representing approximately 6.74% of the total shares.