Mafin Holdings Co., Ltd. announced that it will receive Ñ210,000,000 in a round of funding on December 2, 2022. The company will issue 1st unsecured convertible bonds with stock acquisition rights in the transaction. The transaction will include participation from J Escom Holdings,Inc. for Ñ110,000,000; and JE BSP No.

1 Fund L.P. for Ñ100,000,000. The issue price of the bond is 100% of the face value of each bond. The bonds carry interest rate of 3% per annum.

The bonds are convertible into 8,400 shares shares of the company at a conversion price of Ñ25,000. The bonds will be exercised from the day after the bond issue date to the bond maturity date. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on January 30, 2023.