ConvertibleExpired
0% Convertible Notes due 2028
WEMADE-Sep28
24400.00 KRWβΌ 2.20%
BTC Holdings
246 BTC
Total Debt
0.00 KRW
Leverage
0.0%
mNAV
28.37x
Outstanding
0.00 KRW
Issue date
2023-09-22
Principal
20.00B KRW
Coupon
0.00%
Maturity
2028-09-22
Conversion price
36,742 KRW
ITM Status
OTM (-33.6%)
- 6% guaranteed yield at maturity (133.823% of face)
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Unsecured
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- After 2 years from issuance, issuer can force conversion if stock >= 130% of conversion price for 20 consecutive trading days
- Use of proceeds
- Operating funds (wages, marketing costs)
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Redemption | 0.00 KRW Fully redeemed during FY2025; replaced by bank borrowings |
| 2023-09-22 | Issuance | 20.00B KRW |
- 2025-12-31 β 0 KRWSection III-1
- 2023-09-22 β 20,000,000,000 KRWSection 7-1