ICD Decides to Issue Bonds with Warrants

ICD has decided to issue bonds with warrants (BW).
The bonds will be issued to 15 institutional investors (funds).
The issuer has a call option to purchase up to 40% of outstanding bonds from 1 to 2 years after issuance, exercisable every 3 months.
The call price is calculated at an annual interest rate of 0.1%.
Bondholders have a put option to early redeem bonds after 2 years, exercisable every 3 months, with a yield of 0.0% per annum.
The proceeds are intended for facility and operating funds, but specific use and issue size are not disclosed.

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