CUROCOM.Co.Ltd. announced a private placement of 21st non-guaranteed convertible private equity bonds with bearer ID for gross proceeds of KRW 6,000,000,000 on March 24, 2022. The transaction included participation from Hangun Co., Ltd. The bonds will bear a surface interest rate of 1% will bear a yield to maturity of 5%. The bonds will be convertible into 5,176,876 common shares of the company at a fixed conversion price of KRW 1,159 per share from March 30, 2023 to February 28, 2026.

The bonds issued in the transaction will have a hold period of one year, from the closing. The bonds maturity date is March 30, 2026. The transaction has been approved by board of directors of the company.