Telefield Inc. (KOSDAQ:A091440) announced a private placement of series 3 non-guaranteed private equity convertible bonds for gross proceeds of KRW 5,000,000,000 on April 10, 2020. The transaction will include participation from returning investor Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 2,500,000,000, Shinhan-Rinos No. 1 New Technology Business Investment Association for KRW 2,000,000,000, and Rhinos Meritz 2 New Technology Business Investment Association for KRW 500,000,000. The bonds are redeemable, bear zero coupon and will mature on April 14, 2025. The bonds are 100% convertible into 1,246,882 common shares of the company at a fixed conversion price of KRW 4,010 per share. The conversion period will start on April 14, 2021 and will end on March 14, 2025. The bonds will be issued at par. The subscription and payment date is April 14, 2020. The board of directors of the company approved the transaction.