Hanil Forging Industrial Co., Ltd. announced a private placement round 3 unregistered coupon non-guaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on September 13, 2021.The transaction included participation from fund1 for KRW 1,000,000,000, fund 2 for KRW 1,400,000,000, fund 3 for KRW 100,000,000, IBK Financial Group Synergy Ivy Business Reorganization New Technology Fund for KRW 4,500,000,000, Hanyang Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, Shinhan Financial Investment Co., Ltd., Investment Arm for KRW 1,000,000,000 and Korea Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000. The bonds are issued at an interest rate of 0% with yield to maturity of 0%. The maturity date is on September 24, 2026. The bonds are fully convertible into 2,672,367 common shares at a conversion price of KRW 3,742 per share. The conversion starts from September 24, 2022 and end on August 24, 2026. The transaction is expected to close on September 24, 2021. The securities are subjected to one year hold period.