Black Yak I&C Decides to Issue KRW 15 Billion Private Convertible Bonds with Put/Call Options
- Decision to issue KRW 15 billion of 2nd unregistered, interest-bearing, unsecured private convertible bonds
- Maturity date undisclosed; coupon rate and yield to maturity not stated
- Conversion terms (price, ratio, etc.) not disclosed (likely to be determined later)
- Put option: Bondholders can demand early redemption every 3 months from 18 to 33 months after issuance at rates of 104.55% to 108.50%
- Call option: Company can repurchase up to 70% of the initial issuance amount every 3 months from 12 to 18 months after issuance at exercise prices of 103.00% to 104.55%
- Underwriters are 21 private funds (from Suseong Asset Management, Orion Asset Management, Walnut Asset Management, Shinhan Asset Management, IBK Securities, Koramco Asset Management, Intrust Investment Management, etc.)
- Purpose of fund raising stated as operating funds, etc., but specific use not disclosed
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KOSDAQ Filing Information
- Filing: Report On Major Events (Decision On Issuance Of Convertible Bonds)
- Company: Black Yak I&C (478560)
- Submission: Black Yak I&C Co., Ltd.
- Receipt: 05-13-2026