Maniker Co., Ltd. (KOSE:A027740) announced a private placement of 23rd unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 17,000,000,000 on April 28, 2017. The transaction involved participation from a total of 8 investors including new investors Ace Investment & Finance Co., Ltd. for gross proceeds of KRW 2,000,000,000, Asset Management Arm, NH-AJU IB Growth 2013 Private Equity Fund, a fund co-sponsored by NongHyup Bank, Investment Arm and AJU IB INVESTMENT Co. Ltd. for gross proceeds of KRW 13,000,000,000, NH Investment & Securities Co., Ltd., Investment Arm for gross proceeds of KRW 600,000,000 and other investors.

The bonds will be issued at par. The bonds do not carry any coupon and would mature on May 18, 2022. The bonds have a yield to maturity of 1%.

The bonds are fully convertible into 20,432,692 common shares of the company at a fixed conversion price of KRW 832 per share between May 18, 2018 and April 18, 2022. The expected subscription and payment date for the transaction is May 4, 2017 and May 18, 2017 respectively. The transaction has been approved by the board of directors of the company.