Manho Steel to Issue Exchangeable Bonds Worth 5.5 Billion Won

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.