On January 19, Manho Steel announced that it has decided to issue exchangeable bonds worth 5.5 billion won.
The funds will be used for 5 billion won in facility investment and 500 million won in operating capital. Both the coupon rate and maturity interest rate are 0%. The exchange target is 1,450,039 common shares of Korea Wire, with an exchange price of 3,793 won per share. The subscription and payment date is scheduled for January 27.
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