Kencoa Aerospace Corporation announced that it will issue series 9 unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 33,000,000,000 on February 21, 2023. The bonds will have yield to maturity rate of 1%, will mature on February 23, 2028, and are fully convertible into 2,104,055 shares at a fixed conversion price of KRW 15,684 per share from February 23, 2024 to January 23, 2028. The transaction has been approved by the board of directors of the company and is expected to close on February 23, 2023.

The transaction included participation from Mirae Asset Securities Co. Ltd. for KRW 4,100,000,000, Samsung Securities Co., Ltd. for KRW 1,000,000,000, Korea Securities Finance Corporation, Investment Arm for KRW 2,000,000,000, Hanwha Investment & Securities Co., Ltd. for KRW 1,000,000,000, Korea Investment & Securities Co., Ltd. for KRW 2,000,000,000, EBEST Investment & Securities Co., Ltd. for KRW 2,000,000,000, Kiwoom Securities Co., Ltd. for KRW 3,000,000,000, BNK Securities for KRW 1,000,000,000, Shinhan Bank for KRW 2,000,000,000, returning investors, KB Securities Co., Ltd., Investment Arm for KRW 5,900,000,000, NH Investment & Securities Co., Ltd. for KRW 4,500,000,000, Hanyang Securities Co. Ltd. for KRW 1,000,000,000.