KVB Kunlun Financial Group Limited (SEHK:6877) announced that it has entered into subscription agreements of 7.5% redeemable convertible bonds for a private placement of HKD 200 million on January 25, 2018. The bonds are issued at 100% face value of the principal. The transaction included participation from BC Global Fund SPC for HKD 111 million and PA Investment Funds SPC for HKD 89 million. The bonds have a coupon of 7.5% per annum and will mature on the second anniversary from the date of closing. The bonds are convertible into 326,264,273 common shares at HKD 0.613 per share. The transaction has been approved by the board of directors of the company. The company will receive net proceeds of HKD 199,280,000 in the transaction.