Innox Corporation (KOSDAQ:A088390) announced a private placement of series 2 non-guaranteed with bearer interest private exchange bonds of KRW 13,031,084,000 on April 27, 2021. The transaction will include participation from Daishin Securities Co. Ltd., Investment Arm. The bonds carry 0% coupon and interest to maturity rate of interest and will mature on April 29, 2026. The bonds are convertible into 592,322 shares of the company at a conversion price of KRW 22,000 per share. The conversion period starts from May 29, 2021 and ends on March 29, 2026. The transaction is expected to close on April 29, 2021. The transaction has been approved by the board of directors of the company.