StemLab Inc. (XKON:A258540) announced a private placement of 2nd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 1,500,000,000 on March 14, 2019. The bonds carry a coupon of 0% and yield to maturity of 5%. The bonds will be 100% convertible into 90,909 shares representing 3.64% stake at a fixed conversion price of KRW 16,500 per share during March 29, 2020 to March 28, 2022. The payment date of the transaction is March 29, 2019. The transaction has been approved by the board of directors of the company. The transaction will involve participation from Neuron Hybrid Fund 2. The bonds have a maturity date of March 28, 2022.