Curo Co.,Ltd. (KOSE:A015590) announced a private placement of series 11 unregistered coupon non-guaranteed private convertible bonds with interest for gross proceeds of KRW 7,500,000,000 on November 17, 2020. The transaction included participation from JS Investment Corporation for KRW 2,500,000,000, Korea Investment & Securities Co., Ltd on behalf on ASAM Mezzanine Plus Specialized Investment Type Private Equity Trust 1 for KRW 1,000,000,000, Korea Investment & Securities Co., Ltd on behalf of ASAM Mezzanine Focus Specialized Investment Type Private Equity Trust No. 5 for KRW 1,000,000,000, Re-Gold Co., Ltd. for KRW 500,000,000, Incomeis Co., Ltd for KRW 400,000,000, Kang, Dong-won for KRW 300,000,000, Kim, Kyobeom for KRW 300,000,000, Kim, Dong-jun for KRW 200,000,000, Kim, Myungjun for KRW100,000,000, Kim. Mikyung for KRW 200,000,000, Moon, Sungwon forKRW 300,000,000, Oh, Seungrok for KRW 200,000,000, Lee, Ok-hyung for KRW 100,000,000, Lee, Byungkyu for KRW 100,000,000, and Ham, Dooyoung KRW 300,000.000. The bonds carry coupon rate of 1% and will have a yield to maturity of 5%. The bonds being issued are 100% convertible into 10,373,435 shares of the company representing 4.57% of the total shares at a conversion price of KRW 723 per share starting on November 18, 2021 till October 18, 2023. The debt maturity date is on November 18, 2023. The payment date of the transaction is on November 18, 2020. The transaction was approved by board of directors.