Wave Electronics Co., Ltd. announced that it expects to receive KRW 2 billion in funding from IBK Securities Co. Ltd., Investment Arm
March 25, 2019
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Wave Electronics Co., Ltd. (KOSDAQ:A095270) announced a private placement of series 11 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 2,000,000,000 on March 26, 2019. The bonds bears a coupon rate of 3% per annum and yield to maturity of 6%. The bonds will be issued at par. The bonds will be fully convertible into 86,580 shares of the company at a conversion price of KRW 23,100 from April 22, 2020 to March 22, 2024. The bonds will mature on April 22, 2024. The subscription date is March 28, 2019 and payment date of the transaction is April 22, 2019. The transaction will include participation from IBK Securities Co. Ltd., Investment Arm for KRW 2,000,000,000. The transaction was approved by the board of the directors of the company.
Wave Electronics Co., Ltd. is a Korea-based company engaged in the manufacture of wireless and wired communication equipment. The Companyâs products consist of amplifiers for base stations, such as digital predistortion amplifiers, analog amplifiers and radio frequency (RF) transceiver units; repeater amplifiers, including code division multiple access (CDMA) products, wideband CDMA (WCDAM) products, worldwide interoperability for microwave access (WIMAX) products and digital multimedia broadcasting (DMB) products, and radio frequency (RF) transceiver units, such as radio remote head (RRH) products, which are used for WIAX, CDMA, WCDMA and long term evolution (LTE). On June 12, 2013, the Company merged with its wholly owned subsidiary, engaged in the research and production of repeater parts.
WAVE ELECTRONICS CO., LTD. 
