NSN Co., Ltd. (KOSDAQ:A031860) announced a private placement of 16th unregistered unguaranteed coupon private convertible bond for gross proceeds of KRW 3,000,000,000 on January 4, 2019. The transaction include participation from Byungyoon Yoo for KRW 2,000,000,000, Sunjun Park, for KRW 500,000,000, On Paper Creative Co., Ltd. for KRW 400,000,000, Sangyeol Lee for KRW 100,000,000. The bond will mature on January 18, 2022. The bond will carry a fixed coupon rate of 3% and yield to maturity of 5%. The bonds are issued at its par value. The bonds will be convertible into the common shares of the company at a fixed conversion price of KRW 1,565 per share and will be convertible from January 18, 2020 to December 18, 2021. The subscription date and payment date is expected on January 8, 2019 and January 18, 2019 respectively. The transaction was approved by the board of directors of the company.