Mason Capital Corporation (KOSDAQ:A021880) announced that it will issue series 4 non-guaranteed private equity convertible bonds for gross proceeds of KRW 5,000,000,000 on May 14, 2020. The transaction will involve participation from Rex Investment Association No. 2. The bonds carry coupon of 3% and yield to maturity of 5%. The bonds will mature on June 22, 2023. The bonds will be issued at par. The bonds are fully convertible into 10,000,000 shares representing 9.16% stake at a fixed conversion price of KRW 500 each starting from June 22, 2021 till May 22, 2023. The subscription and payment date is June 22, 2020. The transaction has been approved by the board of directors of the company.