A-Frontier Co.,Ltd (KOSDAQ:A036180) announced a private placement of series 14 non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 3,400,000,000 and 6,635,933 common shares at a price of KRW 1,085 per share for gross proceeds of KRW 7,199,987,305 for aggregate gross proceeds of KRW 10,599,987,305 on October 23, 2020. The transaction will include participation from Glow Whale Co., Ltd. for 2,764,976 shares, Kim, Jeong-guk for 92,165, Noh, Kyungrok for 92,165 shares, Oh, Dong-seop fpr 92,165 shares, Jaewon Yang for 92,165 shares, Dongsoo Jeong for 92,165 shares, Baek, Sook-kyung for 460,829 shares, Seo, Yong-seok for 460,829 shares, Seongcheol Seo for 322,580 shares, Haeyong Lee for 322,580 shares, Ewon Club for 921,656 shares, Kim, Geum-suk for 506,912 shares, Kim, Si-nyeon for 230,414 shares, Seongho Go for 59,907 shares, Go, Seoyeon for 32,258 shares, and Seungil Kim for 92,165 shares. Ko, Seung-hwan for KRW 500,000,000, Baek, Sook-hee for KRW 500,000,000, Yang, Sang-hoon for KRW 400,000,000, Touch Core Co., Ltd for KRW 700,000,000, Lee, Dong-gyu for KRW 200,000,000, Jo, Cha-jin for KRW 200,000,000, Sung, Kwon-hee for KRW 100,000,000, Oh, Dong-geun for KRW 200,000,000, Park, Shin-ok for KRW 500,000,000, and Lee, Hoon for KRW 100,000,000. The bonds carry a coupon rate of 0% and will mature on October 23, 2022. The bonds are 100% convertible into 3,133,633 common shares of the company at a price of KRW 1,205. The conversion period of bonds is from October 23, 2021 to September 23, 2022. The securities issued are subject to restriction period of one year. The transaction has been approved by board of directors of the company and is expected to close on November 4, 2020.