UGint Co., Ltd. (KOSDAQ:A195990) announced a private placement of 10th series unregistered coupon unsecured unguaranteed private convertible bonds for gross proceeds of KRW 3,000,000,000 on August 9, 2018. The transaction will include participation from Ikhyun Kim for KRW 500,000,000, Mikyung Kim for KRW 500,000,000, Kyungduk Kim for KRW 500,000,000 and other investors. The bonds are issued at 2% coupon rate, 3% yield to maturity and will mature on August 13, 2021. The bonds can be 100% converted into 3,125,000 common shares of the company at a fixed conversion price of KRW 960 per share. The conversion period start date is August 13, 2019 and end date is July 13, 2021. The subscription date of the transaction is August 9, 2018. The expected date of closing of the transaction is August 13, 2018. The transaction has been approved by the company’s board of directors.