Korea Aerospace Industries, Ltd. announced private placement to issue Zero Coupon Series 31 Unregistered Unsecured Private Convertible Bonds due March 4, 2031 for gross proceeds of KRW 500,000,000,000 on February 5, 2026. The transaction includes participation from NH Investment & Securities Co., Ltd. The notes bear zero interest rate with zero yield to maturity and will mature on March 4, 2031. The bonds are 100% convertible into 2,700,294 shares at a conversion price of KRW 185,165 at a conversion period of March 4, 2027 to February 4, 2031.
The bonds are restricted for 1 year. The transaction is approved by board of directors of the company and is expected to close on March 4, 2026.
