Paratech Company Limited announced a private placement of 1st unregistered unguaranteed coupon private convertible bond for gross proceeds of KRW 15,000,000,000 on November 29, 2021. The bonds being issued are 100% convertible into 5,809,450 shares of the company representing 10.38% of the total shares at a conversion price of KRW 2,582 per share starting April 5, 2023 till April 4, 2025. The payment date of the transaction is April 5, 2022.

The transaction involved participation from new investor, GR Consortium for KRW 15,000,000,000. The bonds will bear a surface interest rate of 2% and maturity interest rate of 3%. The transaction has been approved by the board of directors of the company.

The bonds will mature on April 5, 2025.