FSN Co., Ltd. announced that it expects to receive KRW 16.9 billion in funding from KB Securities Co., Ltd., Samsung Securities Co., Ltd., Shinhan Bank Co., Ltd., SUSUNG ASSET MANAGEMENT Co., Ltd., Mirae Asset Securities Co., Ltd. and other investor
March 26, 2024
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FSN Co., Ltd announces private placement of series 13 of non-secured interest-bearing private convertible bonds for a principal amount of KRW 16,900,000,000 on March 26, 2024. The bonds bear a coupon rate of 0%, maturity interest rate of 3% and will mature on March 27, 2027. The bonds will be convertible 6,145,454 common shares at a conversion price of KRW 2,750 per share from March 27, 2025 to February 27, 2027.
The transaction is expected to close on March 27, 2024. The transaction will include participation from SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 1,000,000,000, KB Securities Co., Ltd. for KRW 2,700,000,000, Samsung Securities Co., Ltd. for KRW 3,800,000,000, Shinhan Bank Co., Ltd. for KRW 3,000,000,000, Mirae Asset Securities Co., Ltd. for KRW 500,000,000, Younggun Lee for KRW 3,000,000,000 and Double S Investment Co., Ltd. for KRW 2,900,000,000. The transaction has been approved by the board of the company.
Mirae Asset Securities Co Ltd, formerly Mirae Asset Daewoo Co Ltd, is a Korea-based company principally provides financial services. The Company operates its business through four segments. The Sales and Trading segment is engaged in the supply of bonds, internal and external derivatives, and hedge management. The Wealth Management segment is engaged in brokerage of securities, sales of asset management products, and provision of financial consulting services. The Investment Banking segment provides corporate financing, private equity fund (PEF), and merger and acquisition (M&A) related services. The Principal Investment and Other segment is engaged in equity capital investment and other business activities.
FSN Co., Ltd. announced that it expects to receive KRW 16.9 billion in funding from KB Securities Co., Ltd., Samsung Securities Co., Ltd., Shinhan Bank Co., Ltd., SUSUNG ASSET MANAGEMENT Co., Ltd., Mirae Asset Securities Co., Ltd. and other investor
MIRAE ASSET SECURITIES CO., LTD. 
