Signet EV Inc. (XKON:A260870) announced a private placement of 3rd registered unguaranteed private convertible bond for gross proceeds of KRW 4,000,000,000 on June 25, 2017. The transaction will include participation from new investor Yuanta Secondary No.2 Fund managed by Yuanta Investment. The bonds will be issued at par. The bonds will carry a fixed coupon rate of 1% per annum and 8% yield to maturity rate per annum. The bonds will be 100% convertible into common shares of the company at a fixed conversion price of KRW 13,000 per share. The maturity date of bonds is July 26, 2022. The conversion period will start from August 26, 2017 and will end on July 25, 2022. The transaction has been approved by the board of directors of the company on July 25, 2017.