Barun Electronics Co. Ltd. (KOSDAQ:A064520) announced a private placement of 12th bearer general convertible bonds for gross proceeds of KRW 5,000,000,000 and 50,000,000 common shares at a price of KRW 500 per share for gross proceeds of KRW 25,000,000,000, for aggregate gross proceeds of KRW 30,000,000,000 on December 26, 2019. The transaction included participation from J. New Technology Fund for bonds. The bonds will carry surface interest rate of 2% and a fixed coupon rate of 2% per annum. The bonds will mature on December 26, 2024 and convertible into 10,000,000 common shares at a fixed conversion price of KRW 500 per share at 100% conversion rate. The conversion period will start from December 26, 2020 and end on November 25, 2024. The payment date for the transaction is December 26, 2019. The transaction has been approved by the board of directors of the company.