COSON Co., Ltd. (KOSDAQ:A069110) announced a private placement of 9th series unregistered and unsecured unguaranteed private convertible bonds for gross proceeds of up to KRW 5,000,000,000 on February 10, 2017. The transaction included participation from Genexine, Inc. (KOSDAQ:A095700). The bonds will mature on February 26, 2021.

The bonds will not bear any interest and will have a yield to maturity of 1%. The bonds will be 100% convertible into 461,254 common shares of the company at a fixed conversion price of KRW 10,840 per share. The conversion period of bonds is from February 10, 2018 to January 9, 2021.

The company will issue bonds at par. The transaction has been approved by the board of directors of the company.