Cornerstone Networks CO., LTD (KOSDAQ:A033110) announced that it has issued series 22 non-guaranteed domestic private equity convertible bonds of KRW 2,000,000,000 on November 8, 2019. The transaction included participation from Red scar for KRW 800,000,000, Alpine for KRW 600,000,000, and Moonyop Kim for KRW 600,000,000. The bonds will mature on November 8, 2022. The bonds will carry surface rate of interest of 2% per annum and maturity rate of interest of 4% per annum. The bond is fully convertible into 1,806,684 shares of the company at a conversion price of KRW 1,107 per share. The conversion period will start from November 8, 2020 till November 7, 2022. The transaction has been approved by the board of directors of the company.