MP Group Inc. announced a private placement of series 5 bearer-of-money guarantor private guarantee mortgage convertible bond for the gross proceeds of KRW 1,000,000,000 on September 30, 2019. The transaction included participation from Pedes Investment Association. The bonds carry the interest rate of 2% and yield to maturity 4% with the maturity date September 30, 2022. The bonds are 100% convertible into 1,209,189 common shares at a rate of KRW 827 per share. The bonds have a conversion period from September 30, 2022 to August 30, 2022. The transaction was approved by the board of directors of the company.