Fusion Co.,Ltd (KOSDAQ:A195440) announced a private placement of series 5 unregistered coupon unsecured private convertible debenture for the gross proceeds of KRW 10,000,000,000 on September 19, 2019. The transaction will include participation from Semicon Light Co., Ltd. The bonds have a coupon rate of 4%. The bonds will mature on October 17, 2022.

The bonds are fully convertible at a price of KRW 836 per share. The conversion of bonds starts on October 17, 2020 and ends on September 17, 2022. The transaction is approved by the board of directors of the company.

The debentures issued have a hold period of one year.