Antz. Co., Ltd (XKON:A267810) announced a private placement of 1st series registered unguaranteed private convertible bonds for gross proceeds of KRW 1,000,000,000 on April 8, 2019. The transaction will include participation from new investor, Korea Development Bank, Investment Arm. The bonds will be issued at par. The bonds will carry a fixed coupon rate of 1% per annum and yield to maturity of 4.5%. The bonds will mature on April 9, 2022. The bonds will be fully convertible into 216,309 shares of the company at a fixed conversion price of KRW 4,623 per share between the period of April 9, 2020 to April 8, 2022. The subscription and the payment date is April 9, 2019. The transaction has been approved by the board of directors of the company.