Winnova Co.,Ltd announced a private placement of series 9 unregistered nonguaranteed coupon private convertible bonds for gross proceeds of KRW 1,000,000,000 on April 15, 2021. The transaction will include participation from returning investor Optrontec Inc. (KOSDAQ:A082210). The bonds will mature on April 15, 2036. The bonds carry coupon rate of 0% and interest to maturity of 2% per annum. The bonds are fully convertible into 16,666 shares each of the company at a conversion price of KRW 3,000 per share. The conversion period for the bonds will be July 15, 2021 till April 1, 2036. The payment date for is April 16, 2021. The transaction has been approved by the board of directors of the company.