Tesna Inc. (KOSDAQ:A131970) announced a private placement of 1st round unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 30,000,000,000 on June 5, 2019. The transaction will include participation from Shinhan Investment Corp., Investment Arm. The bonds will not carry any coupon and yield to maturity. The bond would mature on June 12, 2024. The bond will be 100% convertible into 618,773 common shares for 2.55% stake of the company at a fixed conversion price of KRW 48,483 per share from June 12, 2020 to May 12, 2024. The transaction is expected to close on June 12, 2019. The transaction has been approved by the board of directors of the company.