LIS Co., Ltd. (KOSDAQ:A138690) announced a private placement of 12th series unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 7,000,000,000 on January 21, 2019. The transaction involved participation from Jinsunmi Tax Refund Co., Ltd. The bonds carry an bond rate of 1.5% and yield to maturity of 4%. The bonds will maturity date of January 21, 2022. The bonds are fully convertible into 388,888 common shares for 2.45% stake in the company at a price of KRW 18,000 for a period from January 21, 2020 to December 20, 2021.