Bioneer Corporation (KOSDAQ:A064550) announced a private placement of series 7 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on October 28, 2019. The bonds will be issued at its par value. The bonds will not carry any surface interest and will carry a maturity interest of 2%. The bonds will mature on October 31, 2024. The bonds are fully convertible into 2,639,567 registered common stocks of the company at a conversion price of KRW 7,577 per share. The conversion period of the bonds will be from October 31, 2020 to September 30, 2024. The payment date for the bonds is expected on October 31, 2019. The transaction will include participation from new investors, Kiwoom-Newmargin Global Partnership Private Equity Fund for KRW 8,000,000,000, POSCO-KB Shipbuilding Restructuring Fund, a fund co-managed by KB Investment Co., Ltd. and POSCO Venture Capital Co., Ltd. for KRW 4,000,000,000, Kiwoom-Shinhan Innovation Fund 1, a fund co-managed by Kiwoom Investment Co., Ltd. and Shinhan Capital, Investment Arm for KRW 2,000,000,000, and other investors.