Sntekbm Co.,Ltd (KOSDAQ:A160600) announced a private placement of 9th bearer no-guaranteed private convertible bond for gross proceeds of KRW 20,000,000,000 on December 19, 2019. The bonds being issued are 100% convertible into 11,210,762 shares of the company representing 27.11% of the total shares at a conversion price of KRW 1,784 per share starting February 27, 2021 till January 27, 2023. The payment date of the transaction is February 27, 2020. The bonds are prohibited from exercise of conversion rights and division of rights for one year from date of issue. The transaction involved participation from Pyeongchang Invest Fund for KRW 20,000,000,000. The bonds will bear an interest rate and yield to maturity of 5% per annum each. The transaction has been approved by the board of directors of the company. The bonds will mature on February 27, 2023.