Barun Electronics Co. Ltd. (KOSDAQ:A064520) announced a private placement of 13th bearer general convertible bonds for gross proceeds of KRW 13,000,000,000 on April 22, 2021. The bonds will carry surface interest rate of 2% and a fixed coupon rate of 5% per annum. The bonds will mature on April 28, 2024 and convertible into 25,000,000 common shares at a fixed conversion price of KRW 520 per share at 100% conversion rate. The conversion period will start from April 28, 2022 and end on March 27, 2024. The payment date for the transaction is April 28, 2021. The transaction has been approved by the board of directors of the company.