T Scientific Co.,Ltd (KOSDAQ:A057680) announced a private placement of series 15 non-guaranteed non-separable private equity bond with underwriting rights for gross proceeds of KRW 5,000,000,000 on March 10, 2021. The transaction will include participation from HisStory Investment Management for KRW 3,000,000,000, Focus Public Stock Plus Professional Investment Private Equity Trust No. 1 for KRW 200,000,000, Focus SY-AP Private Equity Investment Trust No. 1 for KRW 400,000,000, Focus Super Rich Specialized Private Equity Investment Trust No. 5 and Focus SY Rampart KOSDAQ Venture Specialized Private Equity Investment Trust No. 1 for KRW 700,000,000, and Focus HERO KOSDAQ Venture Specialized Private Equity Investment Trust No. 1 for KRW 700,000,000. The bonds are convertible and redeemable. The bonds will not bear any coupon rate, bear yield to maturity of 0% and will mature on March 19, 2024. The bonds are 100% convertible into 1,485,442 common shares at a conversion price of KRW 3,366 from March 19, 2022 to February 19, 2024. The bonds have a hold period of one year. The company will raise funding through substitute payment. The transaction is expected to close on March 19, 2021. The transaction has been approved by the board of directors of the company.