Fantagio Corp. (KOSDAQ:A032800) announced a private placement of round 5 non-guaranteed convertible bonds for gross proceeds of KRW 20,000,000,000 on May 7, 2020. The transaction will include participation from Bellevue 1 Fund. The bonds will be convertible into 23,174,971 common shares at a conversion price of KRW 863 per share which represents 24.17% stake in the company. The conversion ratio is 100%. The conversion period will start from August 4, 2021 and end on July 4, 2023. The notes will carry a 2% coupon rate and 4% interest rate and will mature on August 4, 2023. The transaction has been approved by the board of directors of the company. The subscription date and payment date is August 5, 2020.