Hands Corporation Ltd. (KOSE:A143210) announced a private placement of 1st series of privately held convertible bond with interest for gross proceeds of KRW 10,000,000,000 and 1,474,201 redeemable convertible preferred shares at a price of KRW 8,140 for gross proceeds of KRW 11,999,996,140 through third-party allocation for aggregate gross proceeds of KRW 21,999,996,140 on September 15, 2020. The transaction will include participation from new investor, Seed Green Private Equity Fund. The bond is issued at 2% coupon rate, 4.5% yield to maturity and will mature on September 23, 2025. The bonds can be 100% converted into 1,029,972 common shares for 4.5% stake of the company at a fixed conversion price of KRW 9,709 per share and the preferred shares are convertible into 1,474,201 common shares. The conversion period of the bond is from September 23, 2021 to August 23, 2025 and of the preferred shares is from September 24, 2020 to August 23, 2025. The repayment period of the preferred shares is from September 24, 2020 to September 24, 2025. The transaction has been approved by the board of directors of the company. The payment date of the bond transaction is on September 25, 2020 and the preferred shares transaction is on September 23, 2020. The securities to be issued will have a hold period of one year.