M Tech Inc. (KOSDAQ:A226350) announced a private placement of 11th series of unregistered non-guaranteed private convertible bonds for gross proceeds of KRW 1,000,000,000 on October 4, 2019. The transaction will include participation from individual investor Chulsoon Kim. The bonds will carry a coupon rate of 3.5% and a yield to maturity of 3.5%. The bonds would mature on November 11, 2022. The bonds will be fully convertible into 754,716 shares of the company at a fixed conversion price of KRW 1,325 per share from November 11, 2020 to October 11, 2022. The transaction has been approved by the board of directors of the company. The subscription date of bonds is October 4, 2019 and the payment date is November 11, 2019.