Esmo Corporation (KOSDAQ:A073070) announced that it will issue series 6 unregistered rights unguaranteed private convertible bonds for gross proceeds of KRW 5,392,060,000 on February 12, 2020. The transaction will involve participation from Macnica, Inc. The bonds carry coupon of 1% and yield to maturity of 5%. The bonds are redeemable. The bonds will mature on February 18, 2025. The bonds will be issued at par. The bonds are fully convertible into 3,594,706 shares representing 3.5% stake at a fixed conversion price of KRW 1,500 each starting from February 18, 2021 till January 18, 2025. The subscription date is February 12, 2020 and expected payment date is February 18, 2020. The transaction has been approved by the board of directors of the company.