April 12, 2017 / 3:14 AM / 3 months ago

BRIEF-New Pride to issue 14th series convertible bonds worth 1.1 bln won

1 Min Read

April 12 (Reuters) - New Pride Corp :

* Says it will issue 14th series unregistered and unsecured private convertible bonds, to raise 1.1 billion won in proceeds for operations

* Maturity date is April 12, 2020, coupon rate is 3 percent and yield to maturity is 7 percent for the bonds

* Conversion price is 2,890 won/share and conversion ratio is 100 percent

Source text in Korean: goo.gl/q3E7Kr

Further company coverage: (Beijing Headline News)

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