Doosan Fuel Cell prices KRW 300 billion private perpetual convertible bond offering

• Doosan Fuel Cell set a KRW 300 billion private placement of 1st series bearer, coupon-bearing, unsecured perpetual convertible bonds.
• Proceeds earmarked for working capital, including fuel-cell raw material purchases tied to AI data-center demand.
• Bonds carry a 0% coupon until Nov. 12, 2029; maturity yield set at 2% until the first reset.
• Issuer call option exercisable from Nov. 12, 2029 on interest payment dates; no investor put option.
• Conversion price KRW 43,704; up to 6,864,360 common shares, equal to 7.74% of total shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Doosan Fuel Cell Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261013000355), on October 13, 2026, and is solely responsible for the information contained therein.