Hyulim ROBOT Co.,Ltd. (KOSDAQ:A090710) announced a private placement of 11th unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 9,000,000,000 on February 28, 2020. The transaction included participation from EHWA Technologies Information Co. Ltd. (KOSDAQ:A024810).

The bond carry coupon rate of 6% and have yield to maturity of 6%. The bonds are issued at par and will mature on February 28, 2023. The bonds will be 100% converted into 9,814,612 common shares representing 11.82% of the total shares of the company at a fixed conversion price of KRW 917 per share.

The conversion period is from February 28, 2021 to February 27, 2023. The payment date of the transaction is February 28, 2020. The transaction has been approved by the board of director's of the company.