W-Scope Chungju Plant Co., Ltd. announced private placement to issue 3% Unregistered interest-bearing unsecured private convertible bonds due May 06, 2031 in the principal amount and gross proceeds of KRW 36,000,000,000 on April 7, 2026. The transaction included participation from NP Growth Support PEF for KRW 20,000,000,000 and BA Private Equity Co., Ltd. for KRW 16,000,000,000. The bonds bear 3% interest rate and 5% yield to maturity and will mature on May 06, 2031.
The bonds are 100% convertible into 2,546,509 common shares at a conversion price of KRW 14,137 at a conversion period of May 06, 2027 to April 06, 2031. The bonds are restricted for 1 year. The company will issue bonds by third party allotment.
The transaction is approved by board of directors of the company and is expected to close on May 06, 2026.
