Barunson E&A Corporation (KOSDAQ:A035620) announced a private placement of series 20 non-guaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on April 16, 2020. The transaction will involve participation from new investors, NH Investment & Securities Co., Ltd., Investment Arm for KRW 2,000,000,000, Samsung Securities Co. Ltd., Investment Arm for 1,660,000,000, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 900,000,000, and KB Securities Co., Ltd., Investment Arm for KRW 440,000,000. The bonds will carry no coupon, carry a yield to maturity of 4%, and will mature on April 21,2025. The bonds are fully convertible into 2,220,248 shares representing 3.02% stake in the company at a fixed conversion price of KRW 2,252 from April 21, 2021 to March 21, 2025. The subscription date is April 20, 2020 and the payment date is April 21, 2020. The transaction has been approved by the board of directors of the company.