Hyundai Engineering & Construction Issues 500 Billion Won Convertible Bonds on July 7

According to Yonhap Infomax, Hyundai Engineering & Construction issued 500 billion won in convertible bonds on July 7 with a 0% coupon rate and a 5-year maturity. The conversion price is set at 150,607 won, representing a 5% premium to the board resolution date stock price. The bonds were issued without early redemption rights or conversion price reset provisions, enabling the company to secure stable funding without interest expense obligations.

The company plans to deploy the proceeds toward future growth businesses including nuclear power and small modular reactors (SMR) while strengthening its financial stability and long-term credit competitiveness.