Sambon Electronics Co.,Ltd (KOSDAQ:A111870) announced a private placement of series 8 non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 15,000,000,000 on March 12, 2021. The bonds bear an interest rate of 2% and yield to maturity of 5% and will mature on March 12, 2024. The transaction will included participation from Sangsangin Savings Bank for KRW 7,000,000,000 and Sangsangin Plus Savings Bank Co.,Ltd. for KRW 8,000,000,000. The bonds are 100% convertible into 12,733,446 common shares at a price of KRW 1,178. The conversion period will start from March 12, 2022 to February 12, 2024. The transaction has been approved by the board of directors of the company. The securities issued will be subject to hold period of one year from issuance. The transaction subscription date on March 12, 2021.