Gold Pacific Co., Ltd. (KOSDAQ:A038530) announced that it will receive KRW 10,000,000,000 in a round of funding on September 8, 2020. The company will issue series 24 unregistered non-guaranteed coupon private convertible bonds in the transaction. The transaction will include participation from Chorokbaem Media Co., Ltd. (KOSDAQ:A047820) for KRW 5,000,000,000 and Philosys Healthcare Co., Ltd (KOSDAQ:A057880) for KRW 5,000,000,000.

The bonds bear a fixed coupon rate of 1% and yield to maturity rate of 1%. The bonds will mature on September 17, 2023. The bonds are fully convertible at fixed conversion price of KRW 1,419 per share into 7,047,216 common shares from September 17, 2021 to August 17, 2023.

The subscription date of the bonds is September 10, 2020 and the payment date of the bonds is September 17, 2020. The transaction was approved by the board of directors of the company.