NANO Co., Ltd. (KOSDAQ:A187790) announced a private placement of 3rd series unregistered unsecured coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on October 17, 2017. The transaction will involve participation from new investors Korea Investment Future Fund (17) for KRW 1,000,000,000, Korea Investment High Fund (17) for KRW 750,000,000, Korea Investment Joint Fund (17) for KRW 750,000,000, Hanyang Securities Co. Ltd. (KOSE:A001750) for KRW 2,000,000,000, and HLSK Partners for KRW 500,000,000.

The bonds will be fully convertible into 3,734,129 common shares of the company at a fixed conversion price of KRW 1,339 per share between October 19, 2018 and September 18, 2020. The bonds will carry a coupon of 2% and have a yield to maturity of 2%. The bonds will mature on October 18, 2020.

The bonds will be issued at par. The transaction has been approved by the board of directors of the company. The subscription and payment date for the bonds is October 18, 2017.