Sanyo Homes Corporation (TSE:1420) announced a private placement of 12,000 series 1 warrants and 10,000 series 2 warrants at a price of ¥645 and ¥529 per warrant respectively for gross proceeds of ¥13,030,000 on February 19, 2018. The transaction will involve participation from UBS AG London branch, Investment Arm. The warrants will be issued by a way of third party allotment. The series 1 warrants will be exercisable into 1,200,000 shares and series 2 warrants will be exercisable into 1,000,000 shares. The warrants will have a fixed exercise price of ¥1,000 per warrant. The warrants will have an exercise period beginning March 8, 2018 and ending March 7, 2021. The transaction is expected to close on March 7, 2018.