ESMO Materials Corporation (KOSDAQ:A087730) announced a private placement of 9th series no bearer rights private convertible bonds for gross proceeds of KRW 1,600,000,000 on February 27, 2020. The transaction will include participation from Shinhan Financial Investment Co., Ltd. for KRW 1,300,000,000, returning investors Samsung Securities Co. Ltd., Investment Arm for KRW 200,000,000 and KEB Hana Bank, Investment Arm for KRW 100,000,000. The bonds bear an interest of 0%, yield to maturity of 5%, and will mature on March 2, 2023. The bonds are 100% convertible into 2,527,646 common shares for a 4.92% stake in the company at a fixed conversion price of KRW 633 per share. The conversion period is from March 2, 2021 to February 2, 2023. The transaction has been approved by the board of directors of the company. The payment date for shares is March 2, 2020. On April 2, 2020, the company announced that the bonds will now be convertible into 4,336,043 shares at a conversion price of KRW 369 per share.