AnaPass Inc. (KOSDAQ:A123860) announced a private placement to issue 3rd unregistered coupon unguaranteed private convertible bond for an aggregate gross proceeds of KRW 18,000,000,000 on September 27, 2019. The bonds will mature on September 30, 2024. The bonds carry zero coupon rate. The transaction will include participation from Samsung Securities Co. Ltd., Investment Arm for KRW 1,500,000,000, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 6,800,000,000, NH Investment & Securities Co., Ltd., Investment Arm for 1,400,000,000.00, Korea Investment & Securities Co., Ltd., Investment Arm for KRW 4,000,000,000, Shinhan Investment Corp., Investment Arm for KRW 2,000,000,000, KB Securities Co., Ltd., Investment Arm for 300,000,000 and IBK Financial Synergy IB Mezzanine New Technology Fund for KRW 2,000,000,000. The bonds are convertible into 687,075 shares at a conversion price of KRW 26,198 per share which represents 6.35% stake in the company. The conversion period starts from September 30, 2020 and ends on August 30, 2024. The transaction is expected to close on September 30, 2019. The transaction has been approved by the board of directors of the company.