CUROHOLDINGS Co., Ltd. (KOSDAQ:A051780) ) announced that it will issue series 14 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 3,500,000,000 on June 12, 2019. The transaction will include participation from new investors Vertex Holdings Co., Ltd. for KRW 3,000,000,000 and Moonsook Baek for KRW 500,000,000. The bonds will bear a zero coupon rate and yield to maturity of 3% per annum. The bonds will mature on June 13, 2022. The bonds will be fully convertible into 5,443,234 common shares representing 8.58% stake in the company at a fixed conversion price of KRW 643 per share from June 13, 2020 to May 13, 2022. The transaction has been approved by the board of director of the company. The transaction is expected to close on June 13, 2019.