Sejong Medical Co., Ltd. announced a private placement of 13 series unregistered nonguaranteed unsecured private placement convertible bonds for gross proceeds of KRW 3,000,000,000 on December 26, 2022. The bond carry coupon rate of 2% and have yield to maturity of 5%. The bonds will mature on November 8, 2024.

The bonds will be 100% convertible into common shares of the company at a conversion price of KRW 959 per share. The conversion period is from December 8, 2022 to November 8, 2024. The transaction has been approved by the board of directors of the company.