[DISCLOSURE] Homecast (064250) said on Aug. 1 that it has decided to issue convertible bonds and offer them to JDR Asset and Kanohi, affiliates of the company’s largest shareholder H Bion.

The coupon rate and maturity rate are 2 percent and 4 percent, respectively, while convertible price is 10,650 won (US$9.60). The payment is due Aug. 31 and conversion period is from Aug. 31, 2017 to July 31, 2019.