This is an amended filing · View original →
Disclosure
DAI summary · Not investment advice
Daedong corrected the series number of its KRW 6.0 billion private convertible bond from 43 to 60 due to a typo.
Commentary
AI commentary · Not investment advice
What happened
Daedong corrected the bond series number in its decision to issue a privately placed, unsecured convertible bond, changing it from 43 to 60. The face amount is KRW 6.0 billion, and the proceeds are earmarked entirely for operating funds. The board resolved on 2026.10.22, and the payment date is 2026.10.30.
In the company's terms
The bond carries a coupon rate of 1.5% and a yield at maturity of 4.0%, with maturity on 2031.10.30. The issue equals 2.9% of market capitalization. There was 1 similar disclosure in the past year, dated 2026.10.22.
What changes for shareholders
The conversion price is KRW 7,105, and conversion would create 844,475 new shares, or 2.85% of total shares. The conversion request period runs from 2027.10.30 to 2031.09.30. The minimum adjusted conversion price is KRW 5,684.
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