TAESUNG CO.,LTD. KRW 70 billion convertible bond issuance, conversion price KRW 51,931
TAI summary · Not investment advice
Issues KRW 70 billion private convertible bonds at a conversion price of KRW 51,931, with payment on 2026.11.19.
Total face value
KRW 70.0 billion
Key facts
- Working capital
- KRW 30.0 billion
- Capital expenditure
- KRW 40.0 billion
- % of total shares
- 4.23%
- Conversion price per share
- KRW 51,931
- Convertible shares
- 1,347,942 shares
- Conversion period
- Nov 19, 2027 – Oct 19, 2031
- Coupon rate
- 0.0%
- Bond type
- Series 2 registered-less, non-interest-bearing, unsecured private convertible bond
- Yield to maturity
- 0.0%
- Maturity date
- Nov 19, 2031
- Call option limit
- Call option may not be exercised beyond 40% of the bond issue amount
- First put date
- Nov 19, 2028
- Payment date
- Nov 19, 2026
- Board resolution date
- Nov 5, 2026
Commentary
AI commentary · Not investment advice
What happened
Taeseong decided to raise KRW 70.0 billion by issuing convertible bonds (bonds that can later be turned into shares). These are the 2nd series, sold privately to selected investors, with no collateral or guarantee. The money will go to facilities (KRW 40.0 billion) and operations (KRW 30.0 billion). Named investors include the IBK Financial Group-DS Green Finance Fund (KRW 9.5 billion) and the DS Semiconductor New Technology Investment Partnership (KRW 13.0 billion).
In the company's terms
The coupon rate and the maturity interest rate are both 0.0%. The bonds mature on 2031.11.19.
What changes for shareholders
The conversion price is KRW 51,931 per share. If all bonds are converted, 1,347,942 new shares would be issued, equal to 4.23% of total shares. Conversion can be requested from 2027.11.19 to 2031.10.19. The company's call option (a right to buy the bonds back) is capped at 40% of the issue amount. Investors can use their put option (a right to demand early repayment) from 2028.11.19.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.11.062026.11.06 | Material Event Report | KRW 19.8 billion |
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