CoAsia Optics Corp announced a private placement of round 8th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 9,400,000,000 on July 27, 2021. The bond carries coupon rate of 1% and yield to maturity is 2%. The bond will mature on July 27, 2023.

The transaction will include participation from new investor HNT Electronics Company Ltd. The bonds will be fully convertible into 2,875,497 shares at a fixed conversion price of KRW 3,269 per share for 6.52% equity between July 27, 2022 and July 27, 2023. The transaction was approved by board of directors. The bonds are subject to hold period of one year.