Hyunjin Materials co., Ltd. (KOSDAQ:A053660) announced a private placement of 24th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 12,000,000,000 on August 27, 2019. The transaction will include participation from Konaan Co., Ltd. for KRW 10,000,000,000 and Humus Investment Co., Ltd for KRW 2,000,000,000. The bonds will carry a fixed coupon rate of 5%, and yield to interest rate of 6%. The bonds have yield to maturity of 6% and would mature on September 30, 2022. The bonds will be fully convertible into 4,223,864 shares of the company at a fixed conversion price of KRW 2,841 per share between the period of September 30, 2020 to August 30, 2022. The subscription date is August 27, 2019 and the payment date is September 30, 2019. The transaction has been approved the board of the directors of the company.