Disclosure
HAI summary · Not investment advice
HD Hyundai decided to issue KRW 588.7 billion of exchangeable bonds, with payment due on November 26, 2026.
Commentary
AI commentary · Not investment advice
What happened
HD Hyundai's board resolved on 2026.10.27 to issue its 19th unregistered, unsecured private exchangeable bond. The face amount is KRW 588.7 billion, payment is due on 2026.11.26, and the bond matures on 2031.11.26. The coupon rate is 0.0%, and the proceeds are earmarked for debt repayment of KRW 588.7 billion.
In the company's terms
Relative to the company, the issue size equals 5.4% of market capitalization. The bond can be exchanged into registered common shares of HD Hyundai Marine Solution Co., Ltd. The exchange price is KRW 250,000, and the number of shares subject to exchange is 2,383,269.
What changes for shareholders
For shareholders, the exchange request period runs from 2026.11.27 to 2031.10.26. If holders request exchange during that period, the underlying shares are delivered to the bondholders.
Show Korean comments
Comments
No comments yet
Comments from shareholders will appear here.
Get the next disclosure as an app alert
Get app alerts for new disclosures and stake changes on your watchlist