NIBEC Co., Ltd. (KOSDAQ:A138610) announced a private placement of round 6 non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 10,000,000,000 on December 23, 2020. The bonds are zero coupon bonds and will mature on December 28, 2025. The bonds are 100% convertible into 245,212 common shares at a conversion price of KRW 40,781 per share. The conversion period of the bonds starts on December 28, 2021 and ends on November 28, 2025. The transaction will include participation from Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 2,000,000,000, DB Financial Investment Co.,Ltd., Investment Arm for KRW 1,000,000,000, funds managed by, NH Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, Samsung Securities Co. Ltd., Investment Arm for KRW 2,000,000,000, KB Securities Co., Ltd., Investment Arm for KRW 2,000,000,000 and Korea Investment & Securities Co., Ltd., Investment Arm for KRW 2,000,000,000. The transaction has been approved by the board of directors of the company. The subscription date and payment date of the transaction is December 28, 2020. The bonds are subject to conversion for one year from the date of issue of bonds and prohibition of splitting and merging of recommendations.