Didim Inc announced that it will issue 8th Bearer Type Interest Part No Guarantee Unregistered Private Placement Convertible Bond for gross proceeds of KRW 2,000,000,000 on February 24, 2022. The transaction has been approved by the board of director of the company. The subscription date is February 24, 2022 and payment date is February 28, 2022.

The bond carries surface rate of 2$ and coupon rate of 4%. The bond will mature on February 28, 2025. The bond will convert into 1,769,911 common shares at a conversion price of KRW 1,130.

The conversion period for the bonds will start from February 28, 2023 and end on January 28, 2025. The bond is subject to a hold period of one year. The transaction will include participation from Topco Co.,Ltd.