CUROHOLDINGS Co., Ltd. (KOSDAQ:A051780) announced that it will issue series 16 bearer coupon unguaranteed private convertible bonds for gross proceeds of KRW 3,500,000,000 on January 17, 2020. The transaction will include participation from individual investors, Wonjin Park for KRW 2,000,000,000 and Hongsik Song for KRW 1,500,000,000. The bonds do not carry any coupon and have yield to maturity of 1%. The bonds will mature on January 21, 2023. The bonds will be issued at par. The bonds are fully convertible into 2,914,238 shares representing 3.67% stake at a fixed conversion price of KRW 1,201 each starting from January 21, 2021 till December 21, 2022. The subscription date and payment date is January 21, 2020. The transaction has been approved by the board of directors of the company.