Abion Inc. (XKON:A203400) announced a private placement of round 2 non-guaranteed private equity convertible bonds for total gross proceeds of KRW 7,000,000,000 on August 3, 2020. the bonds carry a interest rate of 3 % expires on August 7,2023 with a conversion rate of 100% at a conversion value of KRW 5,860 for 1,194,539 shares. The conversion start date August 7, 2021 and end date July 7, 2023.

The subscription date is August 05, 2020 and payment date is Aug 07, 2020. The transaction included participation from Hanwha Investment & Securities Co., Ltd for KRW 1,000,000,000, Ricoh ORUM Venture Company Specialized Investment Private Equity Trust No. 2 for KRW 1,000,000,000 , Magna Friend Impact Enhancement Fund for KRW 1,000,000,000, Magna-Axis Tourism Venture Fund, a fund managed by for MAGNA Investment Co., Ltd, Axis Investment Co., Ltd. KRW 1,000,000,000, Gmon Co., Ltd. for KRW 3,000,000,000.