New Pride Corporation (KOSDAQ:A900100) a private placement of series 25 unregistered unguaranteed coupon private convertible bonds for gross proceeds of KRW 7,473,220,000 on October 17, 2019. The transaction will include participation from new investors, LD Cres, Inc. for KRW 4,262,760,000, BEAUTY K 21 for KRW 710,460,000, Nct (Investment) Limited for KRW 1,000,000,000 and individual investor, Jinsook Jung for KRW 1,500,000,000. The bonds have a coupon rate of 3% and yield to maturity of 7% with the maturity date of October 17, 2022. The bonds are fully convertible into 5,648,689 shares at a price of KRW 1,323 per share. The bonds have a conversion period from October 17, 2020 to September 17, 2022. The transaction has been approved by the board of directors of the company.