Issuance of KRW 15 Billion Hybrid Capital Securities Recognized as Equity, for Debt Repayment and Financial Soundness
- Decision to issue KRW 15 billion of hybrid capital securities (private convertible bonds) recognized as equity, maturity 30 years, coupon rate 4.70%, step-up to 5.20% after 5 years
- Purpose: Full use of KRW 15 billion for debt repayment, strengthening financial soundness (capital enhancement)
- Interest payment may be deferred (resumed upon dividend or share buyback), deferred interest accumulates with compounding, issuer has early redemption right
- Convertible bonds but recognized as capital; dilution of existing shareholders occurs only upon conversion, currently none
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KOSDAQ Filing Information
- Filing: Report On Major Events (Decision On Issuance Of Debt Securities Recognized As Capital)
- Company: JW SHINYAK (067290)
- Submission: JW SHINYAK CORPORATION
- Receipt: 05-21-2026