Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Jeju Semiconductor has decided to issue its 9th series private placement convertible bonds (CB) worth KRW 45 billion to procure operating funds for raw material purchasing and R&D investment.
📊 [Key Disclosure Contents & Summary of Major Figures]
- Type of Bonds & Issuance Scale
- Type of Bonds: 9th Bearer Non-guaranteed Private Placement Convertible Bonds
- Total Principal Amount: KRW 45,000,000,000 (KRW 45B)
- Remaining Issuance Limit under Charter: KRW 45,265,300,000 (approx. KRW 45.27B)
- Issuance Method: Domestic Private Placement
- Purpose of Financing (Operating Funds: KRW 45B)
- Raw Material (Wafer, etc.) Procurement for Sales Expansion: KRW 30,000,000,000 (KRW 10B in 2026, KRW 10B in 2027, KRW 10B in 2028 and thereafter)
- R&D Investment for New Products: KRW 15,000,000,000 (KRW 5B in 2026, KRW 5B in 2027, KRW 5B in 2028 and thereafter)
- Interest Rates & Redemption Terms
- Surface Interest Rate: 0.0% / Yield to Maturity: 2.0%
- Maturity Date: 2031-03-23
- Principal Redemption Method: Lump-sum payment of 110.4081% of the principal amount at maturity if held until maturity
- Conversion Details
- Conversion Ratio: 100%
- Conversion Price: KRW 44,300 per share
- Shares to be Issued upon Conversion: 1,015,801 Registered Common Shares (2.86% of total outstanding shares)
- Conversion Request Period: 2027-03-23 ~ 2031-02-23
- Conversion Price Adjustment (Refixing): Floor conversion price of KRW 31,050 per share (70% of initial conversion price)
- Options
- Put Option (Early Redemption): Bondholders may request early redemption starting 24 months from issuance (2028-03-23) 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 (2027-03-23) through 2030-12-23 every 3 months for up to 30% of the initial principal amount at an annual compound rate of 2.0%.
- Subscribers & Timeline
- Subscribers: Mirae Asset Securities Co., Ltd. (KRW 35B), Mirae Asset Securities Co., Ltd. (IMA) (KRW 10B)
- Subscription & Payment Date: 2026-03-23
- 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 45 billion in private convertible bonds (CB) aimed at procuring raw materials and funding R&D projects. 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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