SEOJIN SYSTEM CO.,LTD KRW 60 billion convertible bond issuance for acquiring other company securities
SAI summary · Not investment advice
A KRW 60 billion private convertible bond will be issued for acquiring securities of other companies, with payment on November 16, 2026.
Total face value
KRW 60.0 billion
Key facts
- Acquisition of other securities
- KRW 60.0 billion
- % of total shares
- 3.01%
- Conversion price per share
- KRW 30,391
- Convertible shares
- 1,974,268 shares
- Conversion period
- Nov 16, 2027 – Oct 16, 2056
- Coupon rate
- 2.0%
- Bond type
- Series 45 registered-bearer coupon unsecured private convertible bond
- Yield to maturity
- 5.0%
- Maturity date
- Nov 16, 2056
- Call option limit
- Up to KRW 12,000,000,000 (Call option 20%)Exercisable by the issuer or its designee
- Payment date
- Nov 16, 2026
- Board resolution date
- Nov 6, 2026
Commentary
AI commentary · Not investment advice
What happened
Seojin System is issuing convertible bonds (bonds that can later be turned into shares) worth KRW 60.0 billion. The money is for acquiring securities of other companies. This is the 45th series, sold privately to selected investors.
In the company's terms
Two investors are buying it. Vilance-Orion SJ Mezzanine New Technology Investment Partnership takes KRW 30.0 billion. Kiwoom Securities Co., Ltd. takes KRW 30.0 billion.
What changes for shareholders
The coupon rate is 2.0%, and the rate paid at maturity is 5.0%. The bonds mature on 2056.11.16.
The conversion price is KRW 30,391 per share. If all bonds are converted, 1,974,268 new shares would be issued. That equals 3.01% of the total shares outstanding.
Bondholders can request conversion from 2027.11.16 to 2056.10.16. The company also has a call option (a right to buy back part of the bonds) of up to KRW 12.0 billion, which is 20% of the issue.
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 | Material Event Report | KRW 60.0 billion |
| 26.11.092026.11.09 | Material Event Report | KRW 60.0 billion |
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