IME YOUNYI Co.,Ltd (KOSDAQ:A090740) announced a private placement of round 2nd non-guaranteed private exchange bonds with bearer interest for gross proceeds of KRW 10,008,113,160 on December 09, 2020. The transaction will include participation from new investor Aiden Elin Co., Ltd. The bonds bear an interest of 2%, yield to maturity of 4% and will mature on December 11, 2023. The bonds will be 100% convertible into 2,690,353 common shares of the company representing 14.2% stake at a fixed conversion price of KRW 3,720 per share and will be convertible from January 11, 2021 to December 10, 2023. The subscription date and payment date is December 11, 2020. The transaction was approved by the board of directors of the company.