[DISCLOSURE] Fortis (141020) said on Aug. 10 that it plans to issue convertible bonds worth 1.5 billion won (US$1.3 million) to raise capital. The bonds will be offered to an individual.

The coupon rate and maturity rate stands at 1 percent and 4 percent, respectively. The conversion period is from Aug. 10, 2017 to July 9, 2019 and the conversion price is 4,330 won.