ENPLUS Co., Ltd. announced a private placement of series 28 bearer-bearing interest-bearing unsecured private placement convertible bonds in the principal amount of KRW 15,000,000,000 on November 14, 2023. The bonds will bear coupon interest rate of 2% and maturity interest rate of 4%. The bonds will mature on November 29, 2026.

The bonds are 100% convertible into common shares of the company at a conversion price of KRW 4,580 per share from November 29, 2024 to October 28, 2026. The transaction is expected to close on November 29, 2023. The transaction will include the participation from returning investor Korea Fixed Income Investment Advisory Co., Ltd. The bonds are restricted to a hold period of 1 year from the date of bond issuance.