PROTEINA CO.,LTD. KRW 29.2 billion convertible bond issuance, conversion price KRW 48,061
PAI summary · Not investment advice
Issues KRW 29.2 billion in private convertible bonds at a conversion price of KRW 48,061, with payment on Nov 12, 2026.
Total face value
KRW 29.2 billion
Key facts
- Bond type
- Series 1 registered-free unsecured private convertible bond
- Capital expenditure
- KRW 20.8 billion
- Working capital
- KRW 8.4 billion
- Coupon rate
- 0.0%
- Yield to maturity
- 1.0%
- Maturity date
- Nov 12, 2031
- Conversion price per share
- KRW 48,061
- Convertible shares
- 607,561 shares
- % of total shares
- 5.19%
- Conversion period
- Nov 12, 2027 – Oct 12, 2031
- Call option limit
- Up to KRW 5,840,000,000 (Call Option 20%)
- First put date
- Feb 12, 2029
- Payment date
- Nov 12, 2026
- Board resolution date
- Nov 4, 2026
Commentary
AI commentary · Not investment advice
What happened
Proteina decided to issue KRW 29.2 billion of convertible bonds (bonds that can later be turned into shares). This is the 1st series, a privately placed, unsecured bearer bond. KRW 20.8 billion is for facilities and KRW 8.4 billion for operations. Timefolio Biohealthcare New Technology Investment Partnership No. 2 takes KRW 6.0 billion of the bonds.
In the company's terms
The bonds pay a coupon rate of 0.0%. At maturity, a 1.0% interest rate applies. The maturity date is 2031.11.12.
What changes for shareholders
The conversion price is KRW 48,061 per share. Full conversion would create 607,561 new shares, which is 5.19% of total shares. Holders can convert from 2027.11.12 to 2031.10.12. The company has a call option (a right to buy back bonds) of up to KRW 5,840,000,000, set at 20%. Holders have a put option (a right to demand early repayment), first exercisable on 2029.02.12.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.11.042026.11.04 | Material Event Report | 151,886 shares · Shares outstanding before offering: 11,105,148 |
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