Metal-Life Co., Ltd. (KOSDAQ:A327260) announced a private placement of series 4th unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on September 5, 2020. The transaction will include participation from new investors NH Investment & Securities Co., Ltd., Investment Arm for KRW 2,000,000,000, SK Securities Co., Ltd. (KOSE:A001510) for KRW 3,000,000,000. The bonds are zero coupon bonds with a maturity date of April 5, 2024.

The bonds are convertible into 250,000 common shares at a conversion price of KRW 250,000 per share. The conversion period will start on October 5, 2021 and end on March 5, 2024. The subscription and payment date of the transaction is October 5, 2020.

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