CELLGENTEK Co., Ltd. (XKON:A258250) announced a private placement of Series 2 registered non-guaranteed private convertible bonds for gross proceeds of KRW 2,000,000,000 on February 26, 2021. The transaction will include participation from Nongshim Capital Co., Ltd. The bonds carries a zero coupon rate and yield to maturity of 3%. The maturity date of bond is February 26, 2024. The bonds are issued at par. The bonds are fully convertible into 125,226 common shares at a conversion price of KRW 15,971 per share from February 26, 2022 to February 23, 2024. The transaction has been approved by the board of directors of the company. The bonds are restricted from conversion and division of rights for one year from the date of issue.