February 19, 2018 / 8:48 AM / 6 months ago

BRIEF-Pangen Biotech to issue 2nd series convertible bonds worth 18 bln won

Feb 19 (Reuters) - Pangen Biotech Inc :

* Says it will issue 2nd series unregistered and unsecured private convertible bonds, to raise 18 billion won in proceeds for operations and investment

* Maturity date is Feb. 21, 2023, coupon rate is 0 percent and yield to maturity is 1 percent for the bonds

* Conversion price is 17,295 won/share and conversion ratio is 100 percent

Source text in Korean: goo.gl/Jdo16d

Further company coverage: (Beijing Headline News)

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