CLIO Cosmetics Co.,Ltd (KOSDAQ:A237880) announced a private placement of series 1 unregistered coupon unguaranteed private convertible bond to PSA-Shinhan Investment Fund 1 for gross proceeds of KRW 20,000,000,000 on February 25, 2019. The bond does not bears any interest or yield to maturity and matures on February 28, 2024. The bond is fully convertible into 1,214,624 shares representing 6.68% stake at a fixed conversion price of KRW 16,466 per share starting from February 28, 2020 till January 28, 2024. The subscription date is February 27, 2019 and expected payment date is February 28, 2019. The bond is prohibited from conversion or split for 1 year of issue. The transaction has been approved by the board of directors.