OLIPASS Corporation (KOSDAQ:A244460) announced a private placement of 9th series bearer-owned interest-free private equity convertible bonds on December 18, 2019. The transaction will include participation from Kiwoom Investment Asset Management Co., Ltd for KRW 3,000,000,000, Core Mezzanine Pre-IPO Investment Type for KRW 1,000,000,000, Kiwoom Securities Co., Ltd for KRW 4,500,000,000, Mirae Asset Daewoo Co., Ltd for KRW 1,500,000,000, Drafting Holdings Co., Ltd for KRW 500,000,000, Daishin Securities Co., Ltd for KRW 1,000,000,000, NH Investment & Securities Co., Ltd for KRW 170,000,000, NH Investment & Securities Co., Ltd for KRW 330,000,000, Kiwoom Investment Co., Ltd for KRW 1,000,000,000, NH Investment & Securities Co., Ltd for KRW 500,000,000, NH Investment & Securities Co., Ltd for KRW 300,000,000, KB Securities Co., Ltd for KRW 200,000,000. The bond is issued at 0% coupon rate and 0% yield to maturity rate and will mature on December 20, 2024.

The bonds can be 100% converted into common shares of the company .The conversion period is from December 20, 2020 to November 20, 2024.. The company expects to close the transaction on December 20, 2019.