This is an amended filing
ADBIOTECH Co.,Ltd. 10th convertible bonds of KRW 2.0 billion: payment moved to Nov 6, coupon set at 3.5%
AAI summary · Not investment advice
ADBIOTECH Co.,Ltd.'s KRW 2.0 billion 10th convertible bonds, decided in May 2026, now carry a 3.5% coupon instead of 0.0%, with payment moved to November 6. The conversion price is KRW 1,999.
Total face value
KRW 2.0 billion
4.84% of total shares · 36.42% including outstanding bonds
Key facts
- Acquisition of other securities
- KRW 2.0 billionCounterparty and target not yet decided
- % of total shares
- 4.84%
- Conversion price per share
- KRW 1,999Changed from KRW 2,021
- Convertible shares
- 1,000,500 sharesPreviously 989,609 shares
- Conversion period
- Nov 6, 2027 – Oct 6, 2029Per outstanding bond table; main table shows end date 2039.10.06
- Coupon rate
- 3.5%Changed from 0.0%
- Bond type
- 10th unregistered unsecured private convertible bonds
- Yield to maturity
- 5.0%Changed from 3.0%
- Maturity date
- Nov 6, 2029Changed from 2031.10.29
- First put date
- Nov 6, 2027
- Subscriber
- JK New Technology Investment Partnership No. 18KRW 2.0 billion
- Payment date
- Nov 6, 2026Changed from 2026.10.29
- Board resolution date
- May 28, 2026
Commentary
AI commentary · Not investment advice
What happened
ADBIOTECH changed the terms of its KRW 2.0 billion 10th convertible bonds, first decided in May 2026, once again. Convertible bonds can later be turned into shares. The bonds, which paid no interest, will now pay a 3.5% annual coupon and guarantee a 5.0% yield to maturity. Maturity moves forward from 2031 to 2029.11.06, and the payment date moves back to November 6.
In the company's terms
The conversion price fell from KRW 2,021 to KRW 1,999 per share. Full conversion would create 1,000,500 new shares, or 4.84% of total shares. Including other unpaid convertible bonds, the figure is 7,166,504 shares, or 36.42% of shares in issue. The money will fund purchases of other companies' securities, but the targets have not been decided.
What changes for shareholders
Bondholders can ask for early repayment from 2027.11.06 (a put option). The company said this filing has been corrected more than five times, mainly because of payment date changes.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.10.302026.10.30 | [Amended] Material Event Report | KRW 1.0 billion |
| 26.10.302026.10.30 | [Amended] Material Event Report | KRW 11.3 billion · Previously KRW 5.5 billion · 17.34% of total shares · 43.87% including outstanding bonds |
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