NEPES AMC (KOSDAQ:A087730) announced a private placement of 3rd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 30,000,000,000 from Pudding Investment Co., Ltd. on October 1, 2018. The bonds will be issued at par. The bonds are zero coupon, have 5% yield to maturity, and will mature on October 19, 2021. The bonds can be 100% converted into 580,270 common shares at a fixed conversion price of KRW 51,700 per share. The conversion period will start and end on October 19, 2019 and September 19, 2021 respectively. The transaction has been approved by board of directors of the company. The transaction is expected to close on October 19, 2018.