Bonne Co., Ltd. (KOSDAQ:A226340) announced a private placement of series 3rd non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 12,000,000,000 on January 29, 2021. The transaction will include participation from Now M&A Investment Fund No. 1 for KRW 6,000,000,000, TS Woori-Chungnam 11 Turnaround Fund for KRW 300,000,000, and TS 2018-12 M&A Fund for KRW 3,000,000,000. The bonds issued will have a 0% interest rate and will have maturity date of February 18, 2026. The bonds are 100% convertible into 4,308,797 common shares of the company at conversion price of KRW 2,785 per share for 14.04% equity ratio. The conversion period will start from February 18, 2022 and ends till January 18, 2026. The bonds will be subject to hold period of one year. The subscription date is February 2, 2021 and payment date is February 18, 2021.