Leaders Technology Investment Co., Ltd (KOSDAQ:A019570) announced a private placement of 11th unregistered coupon Non-guaranteed private convertible bonds for gross proceeds of KRW 2,000,000,000 on October 21, 2020. The transaction includes participation from National Cultural Foundation. The bonds have a coupon rate of 2%, yield to maturity of 4%, and maturity date of October 23, 2023. The bonds are 100% convertible at a price of KRW 550 per share into 3,636,363 common shares of the company, which represents 4.15% of the total number of shares, for a period from October 23, 2021 to September 23, 2023. The transaction is expected to close on October 23, 2020. The transaction has been approved by the board of directors of the company.