NEXTCHIP Co., Ltd. (KOSDAQ:A092600) announced that it will issue 10th series non-guaranteed private equity convertible bonds for gross proceeds of KRW 17,500,000,000 on July 29, 2020. The bonds bear an interest rate and yield to maturity of 0% and will mature on July 31, 2025. The bonds are 100% convertible into 6,011,676 common shares at a price of KRW 2,911 per share from July 31, 2021 to June 30, 2025.

The transaction will include participation from Samsung Securities Co. Ltd., Investment Arm for KRW 800,000,000, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 500,000,000, Synergy-NH Mezzanine Blind No. 1 New Technology Business Fund for KRW 1,000,000,000, Korea Investment & Securities Co., Ltd., Investment Arm for KRW 3,000,000,000, KB Securities Co., Ltd., Investment Arm for KRW 700,000,000, Shinhan Investment Corp., Investment Arm for KRW 2,000,000,000, BFA Co., Ltd. for KRW 1,500,000,000, S-V Unicorn Growth Fund for KRW 3,000,000,000, Sv Gap-Coverage Fund 3-1 for KRW 1,800,000,000 and Sv Gap-Coverage Fund No.

3 for KRW 3,200,000,000. The transaction has been approved by the board of directors of the company. The payment and subscription date of the transaction is July 31, 2020.