Y-Optics Manufacture Co., Ltd. announced a private placement of 20th Bearer Type Interest Part No Guarantee Convertible Bond for gross proceeds of KRW 3,000,000,000 on November 23, 2021. The transaction will include participation from BNK Securities Co., Ltd., Investment Arm for KRW 600,000,000, Core Trend Investment Ltd. for KRW 1,900,000,000 and Pivot Partners Co., Ltd. for KRW 600,000,000. The transaction is expected to close on November 25, 2021.

The transaction was approved by the board of directors. The bonds will bear 3% maturity rate and will mature on November 25, 2024. The bonds are 100% convertible into 1,255,230 shares at an conversion rate of KRW 2,390.

The bonds are convertible from November 25, 2022 and ends on October 25, 2024. The bonds to be issued will have a hold period of one year.