Emerson Pacific Inc. (KOSDAQ:A025980) announced a private placement of unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 30,000,000,000 on June 28, 2018. The transaction included participation from Mirae Asset Capital Co,Ltd. for KRW 10,000,000,000, NH Investment & Securities Co., Ltd. for KRW 4,500,000,000, and Hanyang Securities Co. Ltd., Investment Arm for KRW 6,500,000,000, and other investors. The bonds will be issue at par value. The bonds carry a fixed coupon of 2% per annum and yield to maturity of 4%. The bond would mature on June 28, 2021. The bonds are convertible into common shares of the company at a conversion price of KRW 10,972 per share. The conversion will start on June 28, 2019 and end on May 28, 2021. The transaction is expected to close on June 28, 2018. The transaction has been approved by the board of directors of the company.