KH Electron Co.,Ltd announced a private placement of series 9 non-guaranteed private equity convertible bonds with bearer type interest part for gross proceeds of KRW 10,000,000,000 on January 12, 2022. The bonds bear an interest rate of 3%, yield to maturity of 3% and will mature on January 13, 2025. The transaction will included participation from KM Union.

The bonds are 100% convertible into 13,315,579 common shares at a price of KRW 751. The conversion period will start from January 13, 2023 to December 13, 2024. The transaction has been approved by the board of directors of the company.

The securities issued will be subject to hold period of one year from issuance. The transaction subscription date and payment date will be on January 13, 2022.