Hanil Vacuum Co., Ltd. announced a private placement of 11th series unregistered convertible debt for gross proceeds of KRW 8,000,000,000 on November 2, 2021. The transaction included participation from Hands Partners Co., Ltd. for KRW 3,000,000,000, BFA Co.,Ltd. and Core Trend Investment Ltd. for KRW 1,500,000,000 each, Kim, In-ho for KRW 1,300,000,000, Yeo, Yong-dong for KRW 300,000,000 and Cho,i Kwang-woo and Jaehee Choi for KRW 200,000,000 each. The bonds are being issued at 4% coupon rate and 4% yield to maturity rate. The bonds will mature on November 4, 2024. The bonds can be converted into 9,592,326 common shares representing 10.91% stake of the company at a fixed conversion price of KRW 834 per share. The conversion period is from November 4, 2022 to October 4, 2024. The date of subscription and expected to close on November 4, 2021. The bonds are subject to a hold period of one year from the date of issue. The transaction was approved by board of directors of the company.