H&B Design Co., Ltd. announced a private placement of series 8 non-guaranteed private convertible bonds with bearer type interest part for an aggregate gross proceeds of KRW 8,000,000,000 on October 4, 2022. The transaction includes participation from Layline Co., Ltd. The bonds carry coupon rate of 2% and maturity rate of 4%. The bond will mature on December 21, 2025.

The bonds are fully convertible into 1,573,564 shares of the company at a conversion price of KRW 5,084 per share for a period starting December 21, 2023 and ending on November 20, 2025. The transaction is expected to close on December 21, 2022. The transaction has been approved by the board of directors of the company.