L&C Bio announced on the 1st that it has decided to issue the 3rd series of 60 billion KRW unnamed, unsecured private convertible bonds to raise funds for debt repayment. The nominal interest rate is 0.0%, and the maturity interest rate is 0.0%.
The conversion price is 21,200 KRW per share. The number of shares to be issued upon conversion is 2,830,188 shares, which corresponds to 11.09% of the total number of shares. The conversion request period is from April 23, 2026, to March 23, 2029.
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