Magicmicro Co.,Ltd (KOSDAQ:A127160) announced a private placement of 5th unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 30,000,000,000 on July 23, 2019. The transaction will include participation from new investor, Korea Reits Co.,Ltd. The bonds have a zero coupon rate, yield to maturity of 4%. The bonds will mature on September 23, 2022. The bonds are fully convertible and have a conversion price of KRW 2,040 per share. The bonds will convert into 14,705,882 shares. The conversion period will start on September 23, 2020 and end on August 23, 2022. The payment date is September 23, 2019. The transaction has been approved by the board of directors of the company.