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Naturalendo Tech issues W5b bonds for private offering

By 윤정현

Published : Aug. 30, 2016 - 14:10

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[DISCLOSURE] Naturalendo Tech (168330) said on Aug. 30 that it has issued convertible bonds worth 5 billion won (US$4.46 million) for private offering to finance its operations. The conversion starts from Aug. 31, 2017.

The newly issued bonds will be offered to Mirae Asset Daewoo, Samsung Securities, NH Investment & Securities and others. The maturity interest rate is 3 percent and the conversion price is 17,800 won per share.
 
The company has named Jang Hyun-woo as the new CEO to promote efficiency in management, it said in a separate announcement. 

By Yun Jeong-hyeon (clareyun@heraldcorp.com)

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