January 10, 2017 / 7:46 AM / 10 months ago

BRIEF-Genic to issue third series convertible bonds worth 5 bln won

Jan 10 (Reuters) - Genic Co Ltd :

* Says it will issue third series unregistered and unsecured private convertible bonds, to raise 5 billion won in proceeds for facilities and operations

* Says maturity date is Jan. 10, 2020, coupon rate is 1 percent and yield to maturity is 2 percent for the bonds

* Conversion price is 14,583 won per share and conversion ratio is 100 percent

Source text in Korean: goo.gl/WprRs3

Further company coverage: (Beijing Headline News)

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