Creative & Innovative System Corporation (KOSDAQ:A222080) announced a private placement of series 3 registered non-guaranteed private convertible bonds for gross proceeds of KRW 30,000,000,000 on October 13, 2020. The transaction will include participation from Gbe Holdings. The bonds bear a coupon rate and yield to maturity of 2% and will mature on October 15, 2025. The bonds are 100% convertible into 3,945,810 shares at a conversion price of KRW 7,603 per share and the conversion period of the bonds will start on October 15, 2021 and end on September 15, 2025. The transaction has been approved by the board of directors of the company. The securities to be issued are subject to prohibition of conversion within one year from the date of issue of bonds and prohibition of division of recommendations. The subscription date and payment date of the transaction is October 13, 2020 and October 15, 2020, respectively.