New Pride Corporation (KOSDAQ:A900100) a private placement of series 24 unregistered unguaranteed coupon private convertible bond for the gross proceeds of KRW 3,000,000,000 August 13, 2019. The transaction included participation from Li Co., Ltd. for KRW 1,000,000,000 and Jinsook Jung for KRW 2,000,000,000. The bonds have a coupon rate of 3% and yield to maturity of 7% with the maturity date of August 13, 2022. The bonds are convertible into 2,199,412 shares at a price of KRW 1,364 per share. The bonds have a conversion period from August 13, 2020 to July 13, 2022. The transaction has been approved by the board of directors of the company.