Amendment Filing for Extension of Convertible Bond Maturity
- Vessel Co., Ltd. filed a correction report on May 14, 2026, for its convertible bond issuance decision originally submitted on December 28, 2022.
- The amendment extends the bond maturity date; all other terms (conversion price, interest rates, etc.) remain unchanged.
- Bondholders have the right to demand early redemption every three months from the first anniversary, with an early redemption yield of 4.0% per annum (compounded quarterly).
- The early redemption schedule spans 12 periods from 2024 to 2027, each at 100% of the registered amount.
- In case of default on principal or interest, T&E&M Co., Ltd. provides a guarantee for payment.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
- Company: Vessel (177350)
- Submission: Vessel Co., Ltd.
- Receipt: 05-15-2026