Inscobee., Inc. (KOSE:A006490) announced a private placement of 26th non-guaranteed private equity convertible bonds and series 27th non-guaranteed private equity convertible bonds for gross proceeds of KRW 10,000,000,000 on April 21, 2020. The transaction will include participation from High Value Life Science No. 1 Investment Association. The bonds will carry a coupon of 0%. The bonds will mature on April 23, 2023. The bonds will be convertible into 1,732,501 common shares of the company at a rate of 100% and at a fixed conversion price of KRW 2,886 per share from April 23, 2021 to March 23, 2023. The subscription and the payment date is April 23, 2020. The transaction has been approved by board of directors of the company. On the same date, the company announced a private placement of series 26 non-guaranteed private equity convertible bonds for gross proceeds of KRW 5,000,000,000. The transaction will include participation from new investor Grouse & Value 12 Investment Association. The bonds bear a surface interest rate of 3% and interest rate of 5%. The bonds will expire on April 23, 2023. The bonds are 100% convertible in to 1,732,501 common shares at a conversion price of KRW 2,886. The start date of conversion period is April 23, 2021 and end date is March 23, 2023. The subscription date is April 21, 2020 and payment date is April 23, 2020. The transaction has been approved by the company’s board of directors.