Jaanh, Inc. (KOSDAQ:A221610) announced a private placement of series 4 non-guaranteed coupon bonds private convertible bonds for gross proceeds of KRW 13,000,000,000 on June 16, 2020. The transaction will include participation from returning investor SC Lowy Financial (HK) Limited. The bonds bear fixed coupon rate of 7% and fixed interest rate of 7%. The maturity date of bonds is June 18, 2023. The bonds are 100% convertible into 25,793,650 common shares at a conversion price of KRW 504 per share. The conversion period start date is June 18, 2021 and end date is May 18, 2023. The subscription date of bonds is June 16, 2020. The bonds to be issued have a hold period of one year, post the closing. The transaction has been approved by the company's board of directors. The payment date is June 18, 2020.