NESM Co.,Ltd (KOSDAQ:A056000) announced a private placement of series 3 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on March 19, 2020. The transaction will involve participation from Polomer Fund No. 1. The bonds are redeemable, will be issued at par, bear 6% fixed coupon rate, 6% yield to maturity rate, will mature on April 4, 2023, and are fully convertible into 5,182,689 shares, representing 36.66% stake, at a fixed conversion price of KRW 3,859 per share from April 18, 2021 till March 18, 2023.

The subscription date is March 19, 2020 and payment date is April 18, 2020. The transaction has been approved by the board of directors of the company.