POBIS TNC CO., Ltd (KOSDAQ:A016670) announced that it has completed a private placement of 4th series unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on December 17, 2020. The transaction included participation from returning investor Vivien Corporation (KOSE:A002070). The bonds are redeemable, bear fixed interest rate of 2% per annum, yield to maturity rate of 3%, will mature on December 17, 2023, and are fully convertible into 9,345,794 shares, representing 9.74% stake, at a fixed conversion price of KRW 1,070 per share from December 17, 2021 to November 17, 2023.

The transaction has been approved by the board of directors of the company.