CBI Co., Ltd. announced a private placement of series 12 non-guaranteed privately placed convertible bonds with bearer food rights for gross proceeds of KRW 2,000,000,000 on April 27, 2023. The transaction will include participation from KTS Partners Co,. Ltd for KRW 2,000,000,000.

The bonds will have a coupon rate of 3% and yield to maturity rate of 7%. The bonds will be fully convertible into 6,802,721 common shares at an issue conversion price of KRW 294 per share between the period starting from April 28, 2023 and ending on March 28, 2026. The expected date of payment is April 28, 2023.

The transaction has been approved by board of directors of the company. The securities have a hold period of one year from the date of issuance.