Fact Source: Financial Supervisory Service DART
Market: KOSPI (000660)
💡 3-Second Summary
SK Hynix has decided to exercise its Clean Up Call option on the entire remaining balance (approx. KRW 132.7B in principal) of its overseas exchangeable bonds issued in 2023 for early acquisition and full cancellation.
📊 [Key Summary & Financial Figures]
- Company Name: SK Hynix Inc.
- Bond Type: Foreign Overseas Exchangeable Bonds (Issued via private placement on April 11, 2023; Maturity Date: April 11, 2030)
- Total Principal Amount: KRW 2,237,710,000,000 (Converted to KRW applying 1,316.30 KRW/USD at issuance)
- Principal Amount to be Acquired: KRW 132,683,040,000 (Approx. KRW 132.68B, entire outstanding balance)
- Decision Date: April 28, 2026
- Acquisition Amount & Scheduled Payment Date:
- Amount: KRW 132,986,180,941 (Approx. KRW 132.99B, early redemption rate 100.23% plus accrued interest)
- Scheduled Payment Date: May 28, 2026
- Source of Funding & Method: Internal Cash / Clean Up Call option exercise announced via Singapore Exchange and Bloomberg
- Reason for Early Acquisition: Issuer call option exercise (Clean Up Call applicable as outstanding balance is less than 10% of total issued principal)
- Future Treatment Plan: Planned full cancellation of acquired bonds (Underlying exchangeable treasury shares will be returned to the company upon bond cancellation)
- Exchange Details:
- Exchange Price: KRW 108,811 per share
- Underlying Shares: Treasury common shares 1,219,445 shares (0.2% of total issued shares)
- Exchange Period: May 22, 2023 – May 18, 2026
- Remaining Principal Balance Post-Acquisition: KRW 0 (Expected balance upon completion of acquisition and cancellation)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verifying Return of Treasury Shares and Periodic Reports Following Planned Bond Cancellation
This disclosure confirms the board decision to exercise the Clean Up Call option to redeem and cancel all remaining foreign exchangeable bonds as the outstanding balance dropped below 10% of the initial issuance amount. Upon completion of the acquisition and cancellation process, the underlying treasury shares (1,219,445 shares, 0.2% stake) deposited with the Korea Securities Depository are scheduled to be returned to the company’s treasury account. Monitoring the actual execution of the acquisition and subsequent changes in treasury stock holdings in upcoming periodic reports (Quarterly, Half-Year, or Annual Reports) is important. Relevant details can be confirmed in future filings following the scheduled payment date (May 28, 2026).
📢 Disclaimer and Source Notice
Source: This content was structured and generated based on official submission data from the Financial Supervisory Service’s DART system.
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