Telefield Inc announces private placement to issue Series 5 Bearer, Non-Guaranteed Private Placement Convertible Bonds Due March 27, 2027 for principal amount KRW 9,000,000,000 on November 30, 2023. The bonds will bear a coupon interest rate 0% , maturity interest rate for 1% and will mature on March 27, 2027. The bonds can be converted to shares of the company for conversion price of KRW 2,304 at 100% conversion rate.

The transaction is expected to close on March 27, 2024. The transaction included participation from new investor, Lafitte Co., Ltd. The transaction has been approved by the board of directors of the company.