Ecomaister Co., Ltd. (KOSDAQ:A064510) announced private placement of series 9 bearer unregistered nonguaranteed coupon private convertible bond gross proceeds of KRW 2,000,000,000 on February 09, 2021. The transaction will involve participation from individual investors,Jonghyun Lee for KRW 1,000,000,000, Seungyong Lee for KRW 500,000,000 and Lee, Hong-sil for KRW 500,000,000. The debentures have the coupon rate of 1.5% and Interest rate to maturity of 3%. The debt maturity date is February 16, 2025. The debentures are fully convertible into 1,302,931 shares at a conversion price of KRW 1,535 for 3.21% stake. The debentures conversion period starts on February 16, 2022 and ends on January 16, 2025. The payment date is February 16, 2021. The transaction has been approved by the board of directors of the company. The debentures will have a hold period of one year, post the closing.