Mirae SCI Co., Ltd. (KOSDAQ:A028040) announced a private placement of future SCI 39th weapon Myeong-sik unsecured private convertible debentures for gross proceeds of KRW 500,000,000 on May 7, 2019. The company issued bonds to Jaedong Shin. The bond carry coupon rate of 2% and yield to maturity of 2%. The bonds will mature on May 7, 2022. The bonds are 100% convertible into 251,509 shares, representing 0.79% stake in the company at a conversion price of KRW 1,978 per share. The conversion period starts from May 7, 2020 and ends on May 7, 2022. The transaction was approved by the board of directors of the company.