SK Chemicals said on the 19th it will issue 220 billion won in bearer, unsecured private exchange bonds (EB). The aim is to improve its financial structure by securing funds for debt repayment.
The coupon and maturity interest rates on the exchange bonds to be issued are 0%. There will be no separate interest payments. The principal will be repaid in a lump sum at 100% on the maturity date of Oct. 20, 2030. Bondholders may demand early redemption every three months starting Oct. 20, 2028, after three years have passed since issuance.
The exchange request period is from Nov. 20, 2025 to Sept. 20, 2030. The exchange price is 57,555 won per share, which is 115% of the reference date's stock price. A company official said, "We will strengthen our financial soundness."