Condor International (ENXTPA:MLMFI) announced that it has entered into subscription agreement with United Noble Development Ltd. to issue convertible bonds for gross proceeds of €5,000,000 on October 19, 2016. The bonds will be issued at its par value. The bonds will mature after three years from the issue date. The bonds will have a fixed interest rate of 5% per annum. The bonds are convertible into common shares of the company at a fixed conversion price of €19.41 per share, conversion period will be from the 30th day after the issue date and up to the 7th business day immediately preceding the maturity date of the bonds. The bonds can be redeemed by the investor before maturity. The bonds may be transferrable in whole multiples of €19.41. The investor will pay subscription amount in two parts, with €1 million already paid as earnest money and remaining €4 million will be received upon completion. The company shall obtain the approval for the listing of the conversion shares.