NEPES AMC (KOSDAQ:A087730) announced a private placement of 2nd series of unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 50,000,000,000 on July 3, 2018. The transaction includes participation from new investor, Pudding Investment Co., Ltd. The bonds have yield to maturity of 5% and would mature on August 31, 2021. The bonds will be fully convertible into 1,602,564 shares of the company at a fixed conversion price of KRW 31,200 per share between the period of August 31, 2019 to July 31, 2021. The subscription date is July 3, 2018, and the payment date is August 31, 2018. The company prohibits from conversion or stock split for 1 year after issuance. The transaction has been approved by the board of directors of the company.