Bonne Co., Ltd. (KOSDAQ:A226340)announced a private placement of series 2nd unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 15,000,000,000 on February 19, 2020. The transaction will include participation from Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 3,000,000,000, NH Investment & Securities Co., Ltd., Investment Arm for KRW 900,000,000, AJU Good Growth Support Fund, a fund managed by AJU IB INVESTMENT Co., Ltd. (KOSDAQ:A027360) for KRW 7,000,000,000, AJU Good Growth Fund 2 for KRW 1,000,000,000, and IBKC-EQP Innovative Technology Fund, a fund managed by Korea Investment Private Equity for KRW 3,000,000,000. The bonds issued will have a 0% interest rate and will have maturity date of February 27, 2025.

The bonds are 100% convertible into 3,333,330 common shares of the company at conversion price of KRW 4,500 per share. The conversion period will start from February 27, 2021 and ends till January 27, 2025.