RFsemi Technologies, Inc. (KOSDAQ:A096610) announced a private placement of series 3 non-secured private equity bonds for gross proceeds of KRW 6,000,000,000 on June 3, 2020. The bonds maturing on June 5, 2023 will be issued at par and have a interest rate of 0%. The bonds will be fully convertible into 1,354,401 shares of the company at a fixed conversion price of KRW 4,430 per share from June 5, 2021 to May 5, 2023. The subscription and payment date of the transaction is June 5, 2020. The transaction was approved by the board of directors of the company. The company has the put option for early redemption of bonds. The bondholder has a put option for early redemption at par after a period of one year and bond is prohibited from conversion for a period of one year.