Daedong to Issue 6 Billion Won in Convertible Bonds

PUBT · 2d ago
Daedong to Issue 6 Billion Won in Convertible Bonds
  • Daedong will issue KRW 6 billion of privately placed, unsecured convertible bonds to fund working capital.
  • Issuance is scheduled for Oct. 30, 2026, with maturity on Oct. 30, 2031.
  • The bonds carry a 1.5% annual coupon with a 4% guaranteed maturity yield.
  • Conversion into common shares is priced at KRW 7,105 per share, subject to adjustment.
  • Failure to meet Jeju Daedong stake-sale or debt-repayment obligations raises the guaranteed yield to 6%, bringing forward bondholders’ early-redemption rights.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Daedong Corp. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261022000505), on October 22, 2026, and is solely responsible for the information contained therein.