Kbi Metal Co., Ltd. (KOSDAQ:A024840) announced a private placement of Round 3 Non-guaranteed Private convertible bonds for gross proceeds of KRW 15,000,000,000 on May 17, 2021. The transaction will involve participation from new investors including trustee funds 1, 19, 20 managed by Korea Investment & Securities Co., Ltd.for KRW 3,300,000,000, Mirae Asset Securities Co., Ltd. (KOSE:A006800) for KRW 2,000,000,000, trustee funds 2, 3, 4, 5, 6, 14, 17 managed by KB Securities Co., Ltd. for KRW 2,800,000,000, fund 7 managed by Samsung Securities Co., Ltd. (KOSE:A016360) for KRW 200,000,000, trustee funds 8, 9, 10, 11, 12, 13, 15 managed by NH Investment & Securities Co., Ltd. (KOSE:A005940) for KRW 2,400,000,000, trustee fund 16 managed by Industrial Bank of Korea (KOSE:A024110) for 1,100,000,000, Focus Asset Management Co., Ltd. for 500,000,000, trustee fund 18 managed by Shinhan Financial Investment Co., Ltd. for 700,000,000, SUSUNG ASSET MANAGEMENT Co., Ltd. for 1,000,000,000 and Ace Susung New Technology Fund 13 for KRW 1,000,000,000. The bonds will be fully convertible into 5,910,165 common shares of the company at a fixed conversion price of KRW 2,538 per share between May 25, 2022 and April 25, 2026.

The bonds will mature on May 25, 2026. The subscription date for the bonds is May 20, 2021 and payment date for the bonds is May 25, 2021. The transaction has been approved by the board of directors of the company.