Sntekbm Co., Ltd. (KOSDAQ:A160600) announced a private placement of round 8 unregistered coupon private convertible bonds for gross proceeds of KRW 4,000,000,000 on September 11, 2019. The bonds have surface interest rate of 3% and maturity interest rate of 4%. The maturity date of bonds is September 11, 2022.

The bonds are 100% convertible into 723,065 common shares at a conversion price of KRW 5,532. The conversion period of bonds starts from September 11, 2020 and ends on August 11, 2022. The transaction has been approved by board of directors of the company.

The transaction included participation from new investor Semicon Light Co., Ltd. (KOSDAQ:A214310)