Yulho Co., Ltd. (KOSDAQ:A072770) announced private placement of series 5 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 10,000,000,000 with H&Partners Co., Ltd. on June 7, 2021. The bonds bear coupon rate of 1% per annum, payable quarterly and interest to maturity of 4% maturing on October 26, 2024. The bonds will be issued at par. The bonds are fully convertible into 2,927,400 shares representing 6.99% stake at a fixed conversion price of KRW 3,416 per share from October 27, 2022 to September 26, 2024. The bonds are redeemable after 1 year of issuance and every three months thereafter at a premium of 3% per annum. The expected payment date is October 27, 2021. The transaction has been approved by the board of directors of the company. The company announced that it has obtained approval from board.