Vivien Corporation announced that it will issue series 3 Unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on December 4, 2020. The bonds will be issued at par. The transaction will include participation from KANGLIM Co., Ltd. The bonds will bear zero coupon rate and an interest to maturity rate of 3%.

The bonds will mature on February 09, 2025. The bonds are convertible into 3,115,264 common shares at a fixed conversion price of KRW 3,210 per share from February 09, 2023 to January 09, 2025. The date of subscription is November 25, 2021 and expected date of payment is February 09, 2022.

The securities issued will be subject to a hold period of one year. The transaction is approved by the board of directors of the company.