TC Materials Co., Ltd. KRW 30 billion Series 2 private convertible bond, conversion price KRW 4,290
TAI summary · Not investment advice
Issues a KRW 30 billion Series 2 private convertible bond with a conversion price of KRW 4,290, payment due on November 16, 2026.
Total face value
KRW 30.0 billion
Key facts
- Working capital
- KRW 10.0 billion
- % of total shares
- 16.64%
- Conversion price per share
- KRW 4,290
- Convertible shares
- 6,993,006 shares
- Conversion period
- Nov 16, 2027 – Oct 16, 2031
- Coupon rate
- 0.0%
- Bond type
- Series 2 registered, non-coupon, unsecured private convertible bond
- Yield to maturity
- 1.0%
- Maturity date
- Nov 16, 2031
- Call option limit
- Up to KRW 15,000,000,000 (Call option 50%)
- First put date
- May 16, 2029
- Payment date
- Nov 16, 2026
- Board resolution date
- Nov 6, 2026
Commentary
AI commentary · Not investment advice
What happened
Tigmaterials, the issuer, decided to issue KRW 30.0 billion of convertible bonds (bonds that can later be turned into shares). This is the 2nd series, sold privately to selected investors rather than to the public. Daishin New Technology Investment Partnership No. 21 takes KRW 25.0 billion. Daishin-JB Woori-NH Hedge Listed Company Mezzanine New Technology Investment Partnership takes KRW 5.0 billion. The proceeds go to operating funds of KRW 10.0 billion and other funds of KRW 20.0 billion.
In the company's terms
The coupon rate is 0.0%, and the maturity interest rate is 1.0%. The bonds mature on 2031.11.16.
What changes for shareholders
The conversion price is KRW 4,290 per share. Full conversion would create 6,993,006 shares, equal to 16.64% of the total shares outstanding. Conversion can be requested from 2027.11.16 to 2031.10.16.
The company holds a call option (a right to buy back the bonds) of up to KRW 15.0 billion, which is 50% of the issue. Investors have a put option (a right to demand early repayment) that can first be exercised on 2029.05.16.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.11.062026.11.06 | Material Event Report | 2,601,456 shares |
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