Cosmo Advanced Materials & Technology Co., Ltd. (KOSE:A005070) announced a private placement of 66th unregistered unguaranteed coupon private convertible bonds for gross proceeds of KRW 10,000,000,000 on December 7, 2018. The bonds will bear interest at a fixed rate of 1.5% per annum and matures on December 11, 2021. The bonds will be 100% convertible into 532,651 common shares representing 2.63% stake in the company at a fixed conversion price of KRW 18,774 per share from December 12, 2019 to December 10, 2021. The bonds are prohibited from conversion and share split for one year. The subscription date is December 11, 2018. The payment date is December 11, 2018. The transaction has been approved by the board of directors of the company. The transaction will involve participation from KL Cosmo LLC for KRW 6,000,000,000 and Cosmo & Company, Inc. for KRW 4,000,000.