Hanjin Transportation Co., Ltd. (KOSE:A002320) announced a private placement of round 93 non-guaranteed private convertible bonds for the gross proceeds of KRW 20,000,000,000 on July 20, 2020. The transaction will include participation from new investor Eugene Investment & Securities Co.,Ltd. (KOSE:A001200). The bonds carry a coupon rate of 1% and interest rate 2.5%.

The bond expiration date is July 22, 2025. The bonds are 100% convertible into 389,863 share at a price KRW 51,300 per share. The bonds are convertible from July 22, 2021 to June 22, 2025.

The transaction is approved by board of directors. The payment date is July 22, 2020.