Disclosure
BAI summary · Not investment advice
BK Holdings decided to issue KRW 2 billion of Series 8 private convertible bonds with a conversion price of KRW 2,810, maturing on November 27, 2029.
Commentary
AI commentary · Not investment advice
What happened
BK Holdings is issuing its 8th privately placed convertible bond, with a face value of KRW 2.0 billion. The board resolution and subscription date are both October 27, 2026, and payment is due November 27, 2026. The bonds are being issued to Onpaper Creative Co., Coventry Logistics Co., and Hwang Won-hee. The proceeds of KRW 2.0 billion are earmarked for acquiring securities of another company.
In the company's terms
The bond carries a coupon rate of 2.0% and a yield to maturity of 4.0%, and it matures on November 27, 2029. The conversion price is KRW 2,810, with a minimum adjusted price of KRW 1,967. The issue size is stated as 38.1% of market capitalization.
What changes for shareholders
The conversion request period runs from November 27, 2027 to October 27, 2029. If fully converted, 711,743 new shares would be issued, equal to 9.43% of total shares outstanding.
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