NESM Co.,Ltd (KOSDAQ:A056000) announced a private placement of round 4 no guarantee of bearer interest privately held convertible bonds for proceeds of KRW 1,500,000,000 on August 12, 2020. The transaction will include participation from Chul Ho Jang for KRW 1,000,000,000 and Sung Kyung Lee for KRW 500,000,000. The bonds bear 4% coupon rate. The bonds will mature on August 13, 2025. The bonds are fully convertible into 796,601 shares representing 5.64% stake at a fixed conversion price of KRW 1,883 each starting from August 13, 2021 till July 13, 2025. The subscription date is August 12, 2020 and expected payment date is August 13, 2020. The transaction has been approved by the board of directors of the company.