Mirae Sci Co., Ltd. (KOSDAQ:A028040) announced a private placement of series 42 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 3,000,000,000 on September 2, 2019. The transaction will include participation from existing investor AFCMIRACLE FUND. The bond carry coupon rate of 3% and have yield to maturity of 3%. The bonds will be issued at par and will mature on October 15, 2022. The bonds will be 100% converted into 4,207,574 common shares representing 12.01% of the company at a fixed conversion price of KRW 713 per share. The conversion period is from October 15, 2020 to October 15, 2022. The payment date of the transaction is October 15, 2019. The transaction has been approved by the board of directors of the company. The securities issued in the transaction are subject to a lock up period of 1 year.