Neuros Co., Ltd. (KOSDAQ:A126870) announced a private placement of series four unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 13,000,000,000 on February 14, 2017. The transaction will include participation from new investor Hyundai Asset Management Co., Ltd for KRW 5,000,000,000, KTB Asset Management Co., Ltd for KRW 2,700,000,000, IBK Capital Corporation for KRW 1,000,000,000, Shinhan Investment Corp for KRW 300,000,000, Shinhan Capital Co., Ltd for KRW 1,000,000,000 and NH Absolute Return Hedge Fund 1 for KRW 3,000,000,000. The bonds do not carry any interest rate. The bonds have a yield to maturity of 2% per annum. The bonds are issued at par and have a maturity date on February 16, 2022. The bonds are 100% convertible into 2,755,988 common shares at a price of KRW 4,717 per share. The conversion period is from February 16, 2018 to January 16, 2022. The payment date is on February 16, 2017. The bonds issued cannot be exercised or converted for the period of one year from the date of issuance. The transaction has been approved by the board of directors of the company.