ANDu Entertainment Co.,Ltd (XKON:A266170) announced a private placement of 6th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,500,000,000 on May 23, 2019. The bonds will be issued at par value. The transaction will include participation from Value System SLOW Hedge Fund for KRW 100,000,000 and returning investors, Artemis Investment Advisory Co., Ltd. for KRW 700,000,000, Billionfold Billion Beat-RV Hedge Fund for KRW 1,900,000,000, KClavis Chungchuleoram Mezzanine Hedge Fund 1 for KRW 600,000,000, Value System Zeus Hedge Fund, Value System Deux Hedge Fund, Value System Apollo Hedge Fund, Value System KOSDAQ, Venture FAST Hedge Fund for KRW 500,000,000, Value System Apollon KONEX High Yield Hedge Fund for KRW 100,000,000, FITI&D Co., Ltd. for KRW 400,000,000, and The Mind Asset Co., Ltd. for KRW 200,000,000. The bonds will carry a 3% coupon rate and 6% yield to maturity. The bonds will mature on June 5, 2024. The bonds are fully convertible into 638,569 common shares of the company at a conversion price of KRW 7,047 per share. The conversion period of the bonds will be from June 5, 2020 to May 5, 2024. The subscription date and the payment date for the bonds are expected on June 5, 2019 . The transaction was approved by the board of directors of the company.