KUKBO Logistics Co., Ltd. announces private placement of Series 17 Bearer-type non-guaranteed private convertible bonds for principal amount of KRW 30,000,000,000 in February 1, 2024. The bonds bear a coupon rate of 4% and maturity interest rate of 4%. The bonds will mature on March 11, 2027.

Interest on the notes will be payable on June 11, 2024, September 11, 2024, December 11, 2024, March 11, 2025, June 11, 2025, September 11, 2025, December 11, 2025, 2026 March 11, 2026, June 11, 2026, September 11, 2026, December 11, 2026, March 11, 2027. The bonds will be convertible into 11,029,411 common shares at an conversion price of KRW 2,720 per share in a conversion period starting from March 11, 2025 and ending on February 11, 2027. The transaction is expected to close on March 11, 2024.

The transaction will include participation from Bolt Co., Ltd. The transaction has been approved by the board of the company.