ENPLUS Co., Ltd. announced a private placement of series 22 unguaranteed private convertible bond for proceeds of KRW 8,000,000,000, on October 6, 2022. The transaction will include participation from Eevee Development Fund 1. The bonds will bear interest rate of 2% and yield to maturity of 4%. The series 24 bonds will mature on November 09, 2025.

The bonds will be fully convertible into common shares at a fixed conversion price of KRW 3,870. The payment date for bonds is November 09, 2022. The transaction has been approved by the board of directors of the company.