Leaders Technology Investment Co., Ltd (KOSDAQ:A019570) announced a private placement of 10th unregistered coupon Non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 5,000,000,000 on September 14, 2020. The transaction includes participation from SBW, Inc. (KOSE:A102280). The bonds have a coupon rate of 2%, yield to maturity of 4%, maturity date of September 14, 2023.

The bonds are 100% convertible at a price of KRW 604 per share into 8,278,145 registered common shares of the company, which represents 9.63% of the total number of shares, for a period from September 14, 2021 to August 14, 2023. The transaction has been approved by the board of directors of the company.