Lumens Co., Ltd. (KOSDAQ:A038060) announced a private placement of series 6 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 8,000,000,000 on August 10, 2018. The transaction will involve participation from new investors Fund 1 for KRW 2,000,000,000, KDB Capital Corp. for KRW 3,000,000,000, Shinhan Investment Corp.

for KRW 1,000,000,000, Samsung Securities Co.,Ltd. (KOSE:A016360) for KRW 1,000,000,000, and NH Investment & Securities Co., Ltd. (KOSE:A005940) for KRW 1,000,000,000. The bonds will be fully convertible into 2,152,852 shares of the company at a conversion price of KRW 3,716 from August 14, 2019 to July 14, 2023. The bonds will mature on August 14, 2023, will have a yield to maturity of 2%, and will carry a zero coupon rate.

The transaction is expected to close on August 14, 2018. The transaction was approved by the board of directors of the company.