en.Wedoany.com Reported - Hyundai Engineering & Construction will issue 500 billion won worth of private convertible bonds to proactively prepare for the expansion of future energy markets, including nuclear power and small modular reactors (SMRs). The convertible bonds have a coupon rate and maturity rate of 0%, with a term of five years. The conversion price will be set at a 15% premium over the benchmark stock price, approximately 23% higher than the closing price of 122,300 won on the same day. The company stated that this issuance will help improve its financial structure, and upon exercise of conversion rights, it will reduce the debt ratio, thereby contributing to an improved credit rating and positively impacting the order intake and financial procurement of large-scale global projects such as nuclear power.

Hyundai Engineering & Construction held an extraordinary board meeting on the 9th and decided to issue 500 billion won worth of private convertible bonds, announcing the decision on the same day.

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