SKC announced on the 11th that it will issue exchangeable bonds (EB) worth 125 billion won.
The exchange target is 1,089,666 shares (2.88%) of SKC's treasury stock. The exchange price is set at 114,714 won, which includes a 14% premium based on the market price.
The maturity is 30 years, and the coupon interest rate starts at 0% and increases over time. Bondholders can request an exchange for SKC stock from September 26, 2025, until one month before maturity.
NH Investment & Securities and Shinyoung Securities will each acquire 65 billion won and 10 billion won, respectively, while the private equity fund (PEF) management firm Dominus Investment will acquire 50 billion won.
SKC stated that it intends to use the 125 billion won raised this time as operating funds for this year.
SKC also issued exchangeable bonds worth 260 billion won targeting PEF management firms Korea Investment Private Equity and Helios Private Equity in June.
A SKC official noted, "Funds raised through this exchangeable bond issuance are expected to be invested in new business initiatives, including glass substrates, as part of the medium- to long-term growth strategy."