Jcontentree corp. (KOSE:A036420) announced a private placement of 17th series non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 100,000,000,000 on April 28, 2021. The transaction will include participation from new investors, Juno 2021 Co., Ltd. The bond is issued at 0% nominal rate, 0% maturity rate and will mature on May 14, 2026. The bonds can be 100% converted into 2,137,802 common shares for 11.54% stake of the company at a fixed conversion price of KRW 46,777 per share. The conversion period is from May 15, 2022 to May 13, 2026. The transaction has been approved by the board of directors of the company. The subscription date is April 30, 2021 and the payment date is May 14, 2021.