Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Jeju Semiconductor has decided to issue its 8th series private placement convertible bonds (CB) worth KRW 6 billion to procure operating funds for raw material purchasing and general operations.
📊 [Key Disclosure Contents & Summary of Major Figures]
- Type of Bonds & Issuance Scale
- Type of Bonds: 8th Bearer Non-interest Bearing Unsecured Private Convertible Bonds
- Total Principal Amount: KRW 6,000,000,000 (KRW 6B)
- Remaining Issuance Limit under Charter: KRW 51,265,300,000 (approx. KRW 51.27B)
- Issuance Method: Domestic Private Placement
- Purpose of Financing (Operating Funds: KRW 6B)
- Raw Material Procurement and General Operations: KRW 6,000,000,000 (KRW 2B allocated annually in 2025, 2026, and 2027 onwards)
- Interest Rates & Redemption Terms
- Surface Interest Rate: 0.0% / Yield to Maturity: 0.0%
- Maturity Date: 2028-02-24
- Principal Redemption Method: Lump-sum payment of 100% of the principal amount at maturity if held until maturity
- Conversion Details
- Conversion Ratio: 100%
- Conversion Price: KRW 18,862 per share
- Shares to be Issued upon Conversion: 318,099 Registered Common Shares (0.92% of total outstanding shares)
- Conversion Request Period: 2027-02-24 ~ 2028-01-24
- Conversion Price Adjustment (Refixing): N/A (-)
- Options
- Put Option (Early Redemption): Bondholders may request early redemption starting 24 months from issuance (2027-02-24) and every 3 months thereafter at an annual rate of 0.0%.
- Call Option: The company or designated party may exercise a call option starting 12 months from issuance (2026-02-24) through 2027-02-24 every 3 months for up to 100% of the issuance amount at an annual compound rate of 1.0%.
- Subscribers & Timeline
- Subscribers: Korea Investment & Securities (Trustee for Funds 1–4 / Lake Asset Management KRW 1.5B, Leehyun Asset Management KRW 1.0B, Rewoon Asset Management KRW 3.5B)
- Subscription & Payment Date: 2025-02-24
- Board Resolution Date: 2025-02-20 (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 6 billion in private convertible bonds (CB) aimed at procuring raw materials and funding general operations. 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 amendment filings.
📢 Disclaimer and Source Notice
Fact Source: Financial Supervisory Service DART
Investment Risk Warning: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any security. All investment decisions and financial liabilities rest entirely with the individual investor.
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