TOBESOFT Co., Ltd. (KOSDAQ:A079970) announced a private placement of 7th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 6,000,000,000 on December 18, 2017. The transaction include participation from Forcs Co., Ltd. (KOSDAQ:A189690). The bonds will be issued at par.

The bonds will mature on December 18, 2020. The bonds are zero coupon bonds and carry yield to maturity of 1.5%. The bonds will be 100% convertible into 843,288 common shares of the company at a fixed conversion price of KRW 7,115 per share from December 18, 2018 to December 17, 2020.

The subscription date and the payment date is December 18, 2017.