DRTECH Corporation (KOSDAQ:A214680) announced a private placement of 5th series non-guaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on July 21, 2020. The transaction will include participation from existing investor NH Investment & Securities Co., Ltd., Investment Arm, new investors Kiwoom Securities Co., Ltd., Investment Arm, BNK Investment & Securities Co., Ltd., IBK Capital Corporation and Korea Bond Investment Advisory Co., Ltd. for KRW 2,000,000,000 each, Samsung Securities Co. Ltd., Investment Arm for KRW 5,000,000,000, Evest Investment Securities Co., Ltd., Woori Bank Co., Ltd., Investment Arm for KRW 1,500,000,000 each, Ace Suseong New Technology Fund No. 10 for KRW 1,000,000,000 and existing investor SK Securities Private Equity for KRW 1,000,000,000 each. The bonds will be fully convertible into 11,627,906 shares representing 18.34% stake at a fixed conversion price of KRW 1,720 from July 23, 2021 to June 23, 2025. The bonds will carry no coupon rate. The bonds will mature on July 23, 2025. The subscription and payment date of the transaction is July 23, 2020. The transaction was approved by the board of directors of the company.