Outin Futures Co., Ltd (KOSDAQ:A227610) announced a private placement to issue series 1 unregistered coupon non-guaranteed private convertible bond for KRW 8,500,000,000 on June 2, 2020. The transaction will include Shinhan Investment Corp., Investment Arm for KRW 3,500,000,000 of which KRW 900,000,000, KRW 1,000,000,000, KRW 600,000,000 as a trustee of Timefolio It's Time-Mezzanine G Hedge Fund, Timefolio It's Time-Mezzanine V Hedge Fund, Timefolio It's Time-Mezzanine V2 Hedge Fund respectively, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 1,500,000,000 as a trustee of GVA Fortress-A Hedge Fund, Hanyang Securities Co. Ltd., Investment Arm for KRW 2,500,000,000 and IBK Capital Corporation for KRW 1,000,000,000. The bonds will mature on June 4, 2025. The bonds are of zero coupon with yield to maturity of 1%. The bonds are 100% convertible into 1,656,920 common shares representing 14.38% stake at a conversion price of KRW 5,130 per share. The conversion period will start from June 4, 2021 and ends on June 4, 2025. The transaction is expected to close on June 4, 2020. The transaction has been approved by the board of directors of the company.