South Korea's AriBio Lab to Buy Affiliate's Convertible Bonds at Double Face Value, Signaling Possible Merger Revival
On the 4th, AriBio Lab decided to acquire 5 billion won in face value of AriBio's 26th CB issue for 10 billion won. The counterparty is AMS Holdings, the existing CB holder. The bonds carry a surface coupon of 0% and a maturity yield of…