Sambon Electronics Co.,Ltd (KOSDAQ:A111870) announced a private placement of series 7 unregistered coupon non guaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on March 9, 2021. The bonds bear an interest rate of 2% and yield to maturity of 2% and will mature on Mature 10, 2024. The transaction will include participation from JSP Fund. The bonds are 100% convertible into 4,992,067 common shares at a price of KRW 1,219. The conversion period will start from March 10, 2022 to February 10, 2024. The transaction has been approved by the board of directors of the company. The securities issued will be subject to hold period of one year from issuance. The transaction is expected to close on March 10, 2021.