Next Bt Co., Ltd. (KOSDAQ:A065170) announced a private placements of 16th bearer no-guaranteed convertible private bonds for gross proceeds of KRW 6,500,000,000 on January 3, 2020. The transaction has been approved by the board of directors of the company. The maturity interest rate is 3%. The bond maturity date is January 7, 2025. The bonds are fully convertible at a price of KRW 1,427 per share. The conversion starts on January 7, 2021 and ends on December 7, 2024. The payment date is January 7, 2020. The bonds have a hold period of 1 year, post the closing of the tarnsaction.