Namyeung Vivien Corporation (KOSE:A002070) announced a private placement of 2nd series non-registered coupon non-guaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on April 2, 2020. The transaction will include participation from MiraeING.Co.,Ltd. (KOSE:A007120). The bonds will be issued at 2% fixed coupon rate, 2% yield to maturity rate, and will mature on April 3, 2023.

The bonds can be 100% converted into 10,373,443 common shares at a fixed conversion price of KRW 964 per share. The conversion period is from April 3, 2021 to March 3, 2023. The transaction has been approved by the board of directors of the company.

The payment date is April 3, 2020.