H&B Design Co.,Ltd. announced a private placement of round 5th bearer type private equity convertible bond for gross proceeds of KRW 10,000,000,000 on June 18, 2021. The transaction will include participation from Jeong-ok Lee for KRW 4,000,000,000, Yoon-seok Chun for KRW 1,500,000,000, Jong Kyu Kim for KRW 1,500,000,000 and Haveruta Advisory Group Co., Ltd. for KRW 3,000,000,000. The company will issue bonds at par.

The bonds will carry 0% coupon rate, 4% yield to maturity rate, will mature on December 14, 2026 and will be 100% convertible into 614,099 common shares of the company at a fixed conversion price of KRW 16,284 per share from December 14, 2022 to November 14, 2026. The payment date is December 14, 2021. The transaction carry a hold period of one year.

The transaction has been approved by the board of directors of the company.