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Kakao Games |
[Alpha Biz= Reporter Kim Sangjin] Kakao Games to Issue KRW 2.7 Trillion Exchangeable Bonds Secured by Krafton Shares
On August 6, Kakao Games announced its decision to issue exchangeable bonds valued at approximately KRW 2.7 trillion, backed by 833,330 shares of Krafton. This amount represents 1.74% of the total outstanding shares of Krafton and is equivalent to 16.58% of Kakao Games' equity capital.
The primary purpose of this bond issuance is to enhance financial stability and secure operational funds for acquiring game intellectual property (IP). The bonds will be issued on August 19, with the redemption period extending until July 19, 2029. This strategic move is intended to bolster Kakao Games' financial robustness and support its expansion into valuable gaming IPs.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
