This is an amended filing · View original →
ADBIOTECH Co.,Ltd. Correction: KRW 2.0 billion private convertible bond issue, payment date moved to Nov 20
ATotal face value
AmendedKRW 2.0 billion
Before amendment KRW 1.0 billion
Key facts
- Acquisition of other securities
- KRW 2.0 billion · AmendedCounterparty and issuer not yet determined
- % of total shares
- 9.23% · Amended
- Convertible shares
- 2,000,000 shares · Amended
- Conversion period
- Nov 20, 2027 – Oct 20, 2029 · Amended
- Coupon rate
- 3.5% · Amended
- Bond type
- Series 10 registered-free unsecured private convertible bond · Amended
- Yield to maturity
- 5.0% · Amended
- Maturity date
- Nov 20, 2029 · AmendedPreviously November 11, 2029
- First put date
- Nov 20, 2027 · AmendedMonthly thereafter
- Subscriber
- KRW 2.0 billion · AmendedJK New Technology Investment Partnership No. 19, no stated relationship
- Payment date
- Nov 20, 2026 · AmendedPreviously November 11, 2026
- Collateral
- Joint guarantee by the largest shareholder and key officers · Amended
- Board resolution date
- May 28, 2026 · Amended
Commentary
AI commentary · Not investment advice
What happened
Advanced Biotech is issuing convertible bonds (bonds that can later be turned into shares) to borrow KRW 2.0 billion. This is the 10th series, sold privately without collateral. The buyer is JK New Technology Investment Partnership No. 19, which has no relationship with the company.
In the company's terms
The company plans to use the KRW 2.0 billion to buy securities of another company. The counterparty and the issuing company are not yet decided. The annual coupon is 3.5%, and the interest if held to maturity is 5.0%. The largest shareholder and key executives provide joint guarantees.
What changes for shareholders
If all the bonds convert, 2,000,000 new shares would be created. That equals 9.23% of the current total shares. New shares can make each existing share's portion smaller (dilution).
The payment date is 2026.11.20. Conversion is possible from 2027.11.20 to 2029.10.20. Holders can first ask for early repayment (put option) on 2027.11.20, and then every 1 month after that. The maturity date is 2029.11.20. This filing is a correction. Before it, the maturity date was 2029.11.11 and the payment date was 2026.11.11.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.10.302026.10.30 | [Amended] Material Event Report | KRW 11.3 billion · Previously KRW 5.5 billion · 17.34% of total shares · 43.87% including outstanding bonds |
| 26.10.302026.10.30 | [Amended] Material Event Report | KRW 2.0 billion · 4.84% of total shares · 36.42% including outstanding bonds |
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