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Huayi Brothers to issue CB worth W800m

[DISCLOSURE] Huayi Brothers (204630) said on Sept. 6 that it plans to issue convertible bonds worth 900 million won (US$822,669) with the price per share at 9,944 won. 

The coupon rate and the yield to maturity both stand at 2 percent. The conversion rate is 100 percent and the maturity date is Sept. 29, 2022. The firm added that it aims to acquire Madman Post, a VFX studio.  

By Jung Min-kyung (