Hisem Co., Ltd. (KOSDAQ:A200470) announced a private placement of 2nd series registered coupon unguranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on September 21, 2018. The company will receive the funding from Oceanbridge Co., Ltd (KOSDAQ:A241790). The bonds are fully convertible into 802,568 common shares, which represents 4.37% of the total number of shares, at a conversion price of KRW 6,230 per share from September 27, 2020 to September 26, 2025.

The bonds carry coupon rate of 0%, yield to maturity of 2.5%, and have a maturity date of September 27, 2025. The bonds have a subscription date of September 21, 2018 and payment date of September 27, 2018.