ConvertibleExpired
0% Convertible Notes due 2027
WEMADE-Nov27
24400.00 KRWβΌ 2.20%
BTC Holdings
246 BTC
Total Debt
0.00 KRW
Leverage
0.0%
mNAV
28.36x
Outstanding
0.00 KRW
Issue date
2022-11-18
Principal
66.00B KRW
Coupon
0.00%
Maturity
2027-11-18
Conversion price
49,498 KRW
ITM Status
OTM (-50.7%)
- Comprises 3 tranches: 21B KRW (Microsoft), 30B KRW (Shinhan Asset Mgmt), 15B KRW (Kiwoom Securities)
- 8% guaranteed yield at maturity (146.93% of face)
- Conversion price adjusted from 50,510 to 49,498 KRW due to Q2 2022 dividend
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Unsecured
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Use of proceeds
- Operating funds (wages, marketing costs)
Outstanding History
Outstanding history(4)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Redemption | 0.00 KRW Fully redeemed during FY2025; replaced by bank borrowings |
| 2024-03-26 | Conversion | 58.50B KRW 50,507 shares issued at 49,498 KRW from 3rd tranche |
| 2023-12-21 | Conversion | 61.00B KRW 101,014 shares issued at 49,498 KRW from 3rd tranche |
| 2022-11-18 | Issuance | 66.00B KRW |
- 2025-12-31 β 0 KRWSection III-1
- 2024-03-26 β 58,500,000,000 KRWSection 7-1
- 2023-12-21 β 61,000,000,000 KRWSection 7-1
- 2022-11-18 β 66,000,000,000 KRW