Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Jeju Semiconductor has decided to issue its 5th series private placement bonds with warrants (BW) worth KRW 10 billion to procure operating funds for raw material (wafer, etc.) purchases.
📊 [Key Disclosure Contents & Summary of Major Figures]
- Type of Bonds & Issuance Scale
- Type of Bonds: 5th Bearer Non-guaranteed Private Placement Non-detachable Bonds with Warrants
- Total Principal Amount: KRW 10,000,000,000 (KRW 10B)
- Remaining Issuance Limit under Charter: KRW 10,000,000,000 (KRW 10B)
- Issuance Method: Domestic Private Placement
- Purpose of Financing (Operating Funds: KRW 10B)
- Raw Material (Wafer, etc.) Procurement for Sales Expansion: KRW 10,000,000,000 (KRW 3B in 2026, KRW 3B in 2027, KRW 4B in 2028 and thereafter)
- Interest Rates & Redemption Terms
- Surface Interest Rate: 0.0% / Yield to Maturity: 2.0%
- Maturity Date: 2031-04-10
- Principal Redemption Method: Lump-sum payment of 110.4081% of the principal amount at maturity if held until maturity
- Warrant Details
- Exercise Ratio: 100%
- Exercise Price: KRW 44,300 per share
- Separation Status: Non-detachable
- Shares to be Issued upon Exercise: 225,733 Registered Common Shares (0.65% of total outstanding shares)
- Exercise Period: 2027-04-10 ~ 2031-03-10
- Exercise Price Adjustment (Refixing): Floor exercise price of KRW 31,050 per share (70% of initial exercise price)
- Options
- Put Option (Early Redemption): Bondholders may request early redemption starting 24 months from issuance (2028-04-10) and every 3 months thereafter at an annual compound rate of 2.0%.
- Call Option: The company or designated party may exercise a call option starting 12 months from issuance (2027-04-10) through 2031-01-10 every 3 months for up to 30% of the initial principal amount at an annual compound rate of 2.0%.
- Subscriber & Timeline
- Subscriber: SUNNY RISE ELECTRONICS LIMITED (Underwriting entire KRW 10B)
- Subscription & Payment Date: 2026-04-10
- Board Resolution Date: 2026-03-13 (1 Outside Director Present, Auditor Present)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Bond Issuance Terms and Actual Payment Results
This disclosure details the board’s decision to issue KRW 10 billion in private bonds with warrants (BW) aimed at procuring raw materials for operating purposes. Reviewing the financing size, issuance terms, and payment schedule is important to track the progress of the transaction following the board resolution. The actual completion of the payment and final execution details can be verified in future regulatory filings, such as voluntary disclosures (‘Securities Issuance Results’) or periodic filings (Quarterly/Half-Yearly/Annual Reports) or follow-up disclosures.
📢 Disclaimer and Source Notice
Fact Source: Financial Supervisory Service DART
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