On November 30, 2020, Globon Co., Ltd. (KOSDAQ:A019660) closed the transaction. The company has issued bonds for gross proceeds of KRW 11,000,000,000 on November 30, 2020. The transaction will include participation from Korea Bond Investment Advisory Co., Ltd. The bonds have coupon rate of 1% and yield to maturity of 4%. The bonds will mature on November 30, 2023. The bonds will be issued at par. The bonds are fully convertible into 3,107,344 shares representing 9.48% stake at a fixed conversion price of KRW 3,540 each starting from November 30, 2021 till October 30, 2023. The bonds are redeemable and have call and put options. The bond will be paid back 100% of the principal on November 30, 2023. The bondholders of this bond may request early redemption before maturity for all or part of the amount of this bond on November 30, 2021, which is the date one year from the date of issue of the bond, and every three months thereafter. The bondholders of this bond grant a call option to the issuer or a person designated by the issuer for convertible bonds equivalent to 35% of the denomination of this bond. The issuer or a person designated by the issuing company may request to sell the convertible bond subject to call options to the taker from the issuance date of the convertible bond to February 28, 2022. The subscription date is October 29, 2020 and expected payment date is November 30, 2020. The transaction has been approved by the board of directors of the company.