Hyunjin Materials co., Ltd. (KOSDAQ:A053660) announced a private placement of series 22 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 1,213,000,000 on February 7, 2019. The transaction involved participation from new investor A&T Development Co., Ltd. The bonds have been issued at par and will mature on February 7, 2022. The bonds carry coupon rate and yield to maturity of 0.5%. The bonds are fully convertible into 598,716 common shares representing 2.5% stake in the company at KRW 2,026 per share. The conversion period will be from February 7, 2020 to January 7, 2022. The transaction has been approved by board of directors.