Disclosure
FAI summary · Not investment advice
Finger decided to issue KRW 10 billion of its 10th private convertible bonds to fund the acquisition of shares in a subsidiary.
Commentary
AI commentary · Not investment advice
What happened
Finger decided to issue its 10th privately placed convertible bond, with a face value of KRW 10.0 billion, to raise funds for acquiring shares in a subsidiary. The board resolved on 2026.10.27, subscription is on 2026.11.04, and payment is on 2026.11.12. The bond is allocated to Helios No. 10 M&A Private Equity Fund, and the proceeds are earmarked for acquiring securities of another company.
In the company's terms
The bond carries a coupon rate of 0.0% and a yield at maturity of 7.0%. It matures on 2029.11.12, with a redemption rate at maturity of 122.5043%. The issue is 6.7% of market capitalization. The conversion price is KRW 10,000, and the ratio of shares available for conversion to shares already issued is listed as 88.03%.
What changes for shareholders
The conversion request period runs from 2027.11.12 to 2029.11.11. If fully converted, 820,142 new shares would be issued, equal to 6.04% of total shares.
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