MAXROTEC Co., Ltd. (KOSDAQ:A141070) announced a private placement of series 6 unregistered non-guaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on September 29, 2020. The transaction will include participation from Black Swan Investment Co., Ltd..The bonds will carry surface interest rate and interest rate of both is 3%. The bonds will mature on October 28, 2023. The bonds are 100% convertible into 2,049,180 common shares, at KRW 2,440 per share. The conversion period is from October 28, 2021 to September 28, 2023. The transaction is expected to close on October 28, 2020. The transaction has been approved by the board of directors of the company.