Enerzent Co., Ltd. (KOSDAQ:A041590) announced a private placement of 16th series unregistered unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on February 11, 2019. The transaction included participation from existing investor GemVax&KAEL Co.,Ltd (KOSDAQ:A082270). The bonds will be fully convertible into 4,494,382 shares at a fixed conversion price of KRW 2,225 from February 11, 2020 to January 11, 2022 and will mature on February 11, 2022.

The bonds will carry no coupon rate and yield to maturity of 3%. The transaction was approved by the board of directors of the company.