COSON Co., Ltd. (KOSDAQ:A069110) announced a private placement of 15 kind unregistered coupon non-guaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on September 3, 2020. The transaction Included participation from existing investor Genexine, Inc. (KOSDAQ:A095700) for KRW 5,000,000,000, Progen Co. Ltd for KRW 3,000,000,000, Gunsu Kim for KRW 2,000,000,000. The bonds have zero coupon rate with interest rate of 1% maturing on September 04, 2024. The bonds are 100% convertible into 2,651,816 common shares at a price of KRW 3,771 each. The conversion request period starts on September 04, 2021 and end on August 04, 2024. The subscription date and payment date is on September 04, 2020. The securities are having hold period of 1 year. The payment is going to happen at Woori Bank Daechi, dong Branch. The transaction has been approved by the board of directors of the company.