Default on 40 Billion Won Short-Term Bond Due to Lack of Repayment Funds
- JR GLOBAL REIT faced a default on April 27, 2026, by failing to pay 40 billion won in principal and interest (principal only, no interest) on a short-term bond
- The reason for non-payment is a lack of repayment funds; the company plans to negotiate with financial institutions to adjust loan conditions
- The short-term bond, issued on April 17, 2026, for 40 billion won, was not repaid at maturity
- The unpaid amount represents 3.4% of equity (1.1888 trillion won as of end-2025 on a consolidated basis), indicating liquidity risk
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KOSPI Filing Information
- Filing: Occurrence of Default on Payment of Bond Principal and Interest
- Company: JR GLOBAL REIT (348950)
- Submission: JR GLOBAL REIT
- Receipt: 04-27-2026
- Under KRX KOSPI Market Division