Leaders Cosmetics Co., Ltd. (KOSDAQ:A016100) announced a private placement of 4th series unregistered unsecured private convertible bonds for gross proceeds of KRW 32,000,000,000 on July 7, 2017. The transaction will include participation from Hanyang Securities Co. Ltd. for KRW 10,000,000,000, Kiwoom Securities Co., Ltd. for KRW 5,000,000,000, SK Securities Co., Ltd. for KRW 1,000,000,000, Shinhan Investment Corp.

for KRW 1,000,000,000, HisStory Investment Management for KRW 1,000,000,000 and other investors. The bonds are zero-coupon and have yield to maturity of 1% and would mature on July 11, 2022. The bonds will be fully convertible into 1,938,454 shares of the company at a fixed conversion price of KRW 16,508 per share between the period of July 11, 2018 to June 11, 2022.

The subscription date and the expected payment date of the transaction is July 11, 2017. The transaction was approved by the board of directors of the company.