April 13, 2017 / 3:36 AM / 4 months ago

BRIEF-Soribada to issue 13th series convertible bonds worth 2.6 bln won

April 13 (Reuters) - Soribada Inc :

* Says it will issue 13th series unregistered and unsecured private convertible bonds, to raise 2.6 billion won in proceeds for operations

* Maturity date is April 13, 2020, coupon rate is 2 percent and yield to maturity is 3 percent for the bonds

* Conversion price is 1,438 won/share and conversion ratio is 100 percent

Source text in Korean: goo.gl/c167i5

Further company coverage: (Beijing Headline News)

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