Hancom Secure Inc. (KOSDAQ:A054920) announced a private placement of 5th non-guaranteed exchangeable bonds with bearer interest for gross proceeds of KRW 13,000,000,000 on March 3, 2021. The transaction will involve participation from Gadget Holdings Limited for KRW 11,930,000,000, and Rivendell Investments 2018-2 LLC for KRW 1,070,000,000. The bonds will carry coupon and have a yield to maturity of 3% each. The bonds will be fully convertible into 1,465,118 shares of the company at a price of KRW 8,873 per share between the period starting January 1, 2023 and ending March 19, 2029. The maturity date for the bonds is March 19, 2029. The subscription date is March 5, 2021and payment date for the bonds is March 19, 2021. The transaction has been approved by the board of directors of the company.