EnGIS Technologies, Inc. (KOSDAQ:A208860) announced a private placement of 5th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on December 6, 2017. The transaction will include participation from returning investor, Telematics Fund 1. The bonds will be issued at par and does not carry a coupon. The bonds will mature on January 5, 2021. The bonds are fully convertible into 282,965 shares of the company at a fixed price of KRW 17,670 per share between the period of January 5, 2019 to December 5, 2020. The subscription date is December 6, 2017 and the payment date is January 5, 2018. The transaction has been approved by the board of directors of the company.