Enplus Co., Ltd. announced a private placement of series 18 unregistered coupon non-guaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on March 16, 2021. The transaction will include participation from Cosmos Fund 1. The debt maturity date is May 12, 2024. The bonds carry a surface interest rate of 2% and Interest rate to maturity of 4% and are issued at par value.

The bonds will be convertible into 4,385,964 common shares at a conversion price of KRW 4,560. The conversion period will start from May 12, 2022 and end on April 11, 2024. The subscription date is March 18, 2021 and the payment date is May 12, 2021.

The transaction was approved by the company's board. The bonds carry a hold period of one year.