ESA Co., Ltd. (KOSDAQ:A052190) announced a private placement of 11th bearer's interest-free non-guaranteed private Equity convertible bonds for KRW 10,000,000,000 on November 22, 2019. The transaction will include participation from Om Partners. The bonds are zero coupon and carry yield to maturity of 3%. The bonds will mature on December 23, 2022. The bonds will be fully convertible into shares of the company at a fixed conversion price of KRW 4,462 per share between December 23, 2020 and November 23, 2022. The shares will be issued through third party allotment method and will be subject to a lock up period of one year. The subscription and payment date for the bonds are November 22,2019 and December 23, 2019 respectively. The transaction was approved by board of directors of the company.