Hankukpackage Co., Ltd. (KOSDAQ:A037230) announced a private placement of round 1 non-guaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on November 9, 2020. The transaction will include participation from Harvest No. 2 Private Equity Partnership. The bonds carry an interest rate of 3.8% and coupon rate of 1%. The bonds are convertible into 1,558,846 shares of the company at a conversion price of KRW 3,849. The bonds will have a conversion period from November 13, 2021 to November 12, 2025. The bonds will mature on November 13, 2025. The transaction has been approved by the board of directors of the company. The subscription date of the bonds is November 09, 2020 and payment date is November 13, 2020.