JR Global REIT Faces Loss of Term Benefit on 120 Billion KRW Bond Due to Rehabilitation Filing
- JR Global REIT (the issuer) filed for rehabilitation proceedings, resulting in immediate loss of term benefit for its listed bond with outstanding balance of KRW 120 billion (ISIN KR6348951F26).
- Grounds for loss of term benefit: The rehabilitation filing constitutes an immediate acceleration event under Article 1-2, Clause 15, Item (1)(A) of the bond indenture.
- Date of loss of term benefit and confirmation date: April 27, 2026.
- Total principal and interest as of the confirmation date: KRW 120,021,369,863 (including principal of KRW 120 billion).
- Bond trustee: Heungkuk Life Insurance Co., Ltd.
- This event indicates severe financial distress of the issuer, significantly increasing uncertainty regarding recovery of principal and interest.
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KOSPI Filing Information
- Filing: Acceleration Of Maturity For Listed Bonds
- Company: JR GLOBAL REIT (348950)
- Submission: JR GLOBAL REIT
- Receipt: 04-28-2026
- KRX Bond Listed Corp. Disclosure