Sambo Industrial Co., Ltd. (KOSDAQ:A009620) announced a private placement of 2nd series unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on September 17, 2020. The bonds carry a coupon rate of and yield to maturity of 0%. The bonds will mature on September 21, 2023.

The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 698 from September 21, 2021 to August 8, 2023. The payment date is September 21, 2020. The transaction has been approved by the board of directors of the company.

The transaction will include participation from funds managed by Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 1,000,000,000, funds managed by Samsung Securities Co.,Ltd. (KOSE:A016360) for KRW 150,000,000, funds managed by Korea Investment & Securities Co., Ltd. for KRW 850,000,000, BNK Securities Co., Ltd. for KRW 1,000,000,000, and Korea Investment & Securities Co., Ltd. for KRW 2,000,000,000.