SEOJIN SYSTEM CO.,LTD Issuance of KRW 60.0 billion Series 44 private convertible bond, conversion price KRW 33,430
SAI summary · Not investment advice
Issues a KRW 60.0 billion Series 44 private convertible bond with conversion price KRW 33,430, payment due on November 16, 2026.
Total face value
KRW 60.0 billion
Key facts
- % of total shares
- 2.74%
- Conversion price per share
- KRW 33,430
- Convertible shares
- 1,794,795 shares
- Conversion period
- Nov 16, 2027 – Oct 16, 2030
- Coupon rate
- 0.0%
- Bond type
- Series 44 bearer-form coupon-bearing unsecured private convertible bond
- Yield to maturity
- 2.0%
- Maturity date
- Nov 16, 2030
- Call option limit
- Up to KRW 12,000,000,000 (Call option 20%)
- First put date
- Nov 16, 2028
- Payment date
- Nov 16, 2026
- Board resolution date
- Nov 6, 2026
Commentary
AI commentary · Not investment advice
What happened
Seojin System decided to issue KRW 60.0 billion of privately placed convertible bonds (bonds that can later be turned into shares). Only selected investors buy them. Bilance-Orion SJ Mezzanine New Technology Investment Partnership takes KRW 30.0 billion, and Kiwoom Securities Co., Ltd. takes KRW 30.0 billion. The company will use all KRW 60.0 billion as other funds.
In the company's terms
The bonds carry a coupon rate of 0.0%. The interest rate paid at maturity is 2.0%. They mature on 2030.11.16. The conversion price is KRW 33,430 per share.
What changes for shareholders
If all bonds are converted, 1,794,795 new shares would be issued. That equals 2.74% of the company's total shares. Holders can request conversion from 2027.11.16 to 2030.10.16. The company has a call option (a right to buy back bonds) of up to KRW 12,000,000,000, described as Call option 20%. Investors have a put option (a right to sell bonds back to the company) starting 2028.11.16.
Earlier Material Event Report filings from this company
- KRW 60.0 billion
- KRW 60.0 billion
- KRW 60.0 billion
■ This disclosure
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.11.092026.11.09 | [Amended] Material Event Report | KRW 60.0 billion |
| 26.11.092026.11.09 | Material Event Report | KRW 60.0 billion |
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