Bonne Co., Ltd. announced a private placement of series 4th non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 10,500,000,000 on February 18, 2022. The transaction will include participation from new investor Eugene Investment & Securities Co., Ltd. The bonds issued will have surface interest rate of 0% and maturity rate of 0% and will have maturity date of February 22, 2027. The bonds are 100% convertible into 4,142,011 common shares of the company at conversion price of KRW 2,535 per share for 11.89% equity ratio.

The conversion period will start from February 22, 2023 and ends till January 22, 2027. The bonds will be subject to hold period of one year. The subscription date is February 22, 2022 and payment date is February 22, 2022.