RaemongRaein Co., Ltd. announced a private placement of 2nd series bearer type unguaranteed private placement convertible bonds for gross proceeds of KRW 2,500,000,000 on September 6, 2021. The transaction is expected to close on September 7, 2021. The transaction included participation from returning investor Wysiwyg Studios Co., Ltd. The transaction has been approved by board of directors of the company.

The bonds will carry a coupon rate of 4.6% and maturity interest rate of 4.6%. The bonds will mature on September 07, 2026. The bonds will be fully convertible into 112,415 shares of the company at a fixed conversion price of KRW 22,239.

The conversion date starts from September 7, 2022 and ends on August 7, 2026. The subscription date is on September 6, 2021. The securities issued are subjected to one year hold period.