Vessel Co., Ltd. (KOSDAQ:A177350) announced a private placement of round 3 non-guaranteed private equity convertible bond for gross proceeds of KRW 2,000,000,000 and round 4 non-guaranteed private equity exchange bond for gross proceeds of KRW 2,000,000,000, for total proceeds of KRW 4,000,000,000 on August 4, 2020. The transaction will include participation from NH Investment & Securities Co., Ltd., Investment Arm which will acquire each bond worth KRW 700,000,0000, Eveo Research Co., Ltd. which will acquire each bond worth KRW 500,000,0000, and NH Absolute Return Professional Investment Private Equity Trust No. 1 Trustee on behalf of existing investor Samsung Securities Co. Ltd., Investment Arm will acquire each bond for KRW 800,000,000, The coupon rate and interest rate for both bonds is 0% and bond expiration date would be August 6, 2023. Both bonds will be converted into 577,533 shares at the price of KRW 3,463 per share. The conversion period will start from August 6, 2021 to July 6, 2023 for round 3 non-guaranteed private equity convertible bond and August 7, 2020 to July 6, 2023 for round 4 non-guaranteed private equity exchange bond. The subscription and payment date for both bonds would be August 6, 2020. The transaction has been approved by the board of directors of the company.