ITOXI Corp. announced that it has completed a private placement of series 13 unregistered coupon nonguaranteed private convertible bond for a gross proceeds of KRW 2,000,000,000 on April 7, 2022. The transaction includes participation from returning investor Aura Investment Inc. The transaction has been approved by the board of directors.

The bonds are fully convertible into common shares at a price of KRW 700 per unit from April 7, 2023 to March 7, 2052. The bond has a coupon rate of 3%.