Cosmo Advanced Materials & Technology Co., Ltd. (KOSE:A005070) announced that it will receive KRW 15,000,000,000 in a round of funding on May 27, 2021. The company will issue series 67 non-guaranteed private equity convertible bonds with bearer interest. The transaction will include participation from KB-Stonebridge Secondary Private Equity Fund. The bonds will mature on May 31, 2024. The surface interest rate on bonds is zero and Interest rate to maturity is 1.5% per annum. The bonds are fully convertible at a fixed conversion price of KRW 26,602 per share into 563,867 common shares from May 31, 2022 to May 30, 2024. The payment date of the bonds is May 31, 2021. The transaction was approved by the board of directors of the company.