Next Bt Co., Ltd. (KOSDAQ:A065170) announced a private placement of series 15 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 9,000,000,000 on March 25, 2019. The company will issue zero coupon bonds pursuant to the transaction. The bonds will be issued at par.

The bonds will be fully convertible into 4,566,210 shares of the company at a conversion price of KRW 1,971 from March 27, 2020 to February 27, 2024. The bonds will mature on March 27, 2024. The subscription and payment date of the transaction is March 27, 2019.

The transaction will include participation from KDB Capital Corporation, Investment Arm for KRW 3,000,000,000, IBK Capital Corporation for KRW 2,000,000,000, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 2,000,000,000, Meritz Securities Co., Ltd., Investment Arm, for KRW 1,000,000,000, and NH Investment & Securities Co., Ltd. corporation (from position of trust dealers of W500 Hedge Fund) for KRW 1,000,000,000. The transaction was approved by the board of directors of the company.