EHWA Technologies Information Co. Ltd. (KOSDAQ:A024810) announced private placement of series 39 unregistered non-guaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 to Sangsangin Savings Bank, Investment Arm on April 23, 2020. The company has issued bonds at par which matures on April 23, 2023. The bonds bears a fixed coupon of 4% and yield to maturity of 5%. The interest is payable quarterly. The bonds are convertible into 25,000,000 shares representing 3.36% stake at a fixed conversion price of KRW 200 per share starting from April 23, 2021 and ending on March 23, 2023. The transaction has been approved by the board of directors of the company.