G-Smatt Global Co., Ltd. (KOSDAQ:A114570) announced a private placement of 6th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 12,000,000,000 on June 23, 2017. The transaction will involve participation from new investors CAPE Investment & Securities Co.,Ltd. for KRW 8,000,000,000 and ST-DA Value New Technology Fund 1 for KRW 4,000,000,000. The bonds will be fully convertible into 862,564 common shares of the company at a fixed conversion price of KRW 13,912 from June 27, 2018 to May 27, 2020. The bonds will mature on June 27, 2020. The bonds will not carry any coupon rate and will have a yield to maturity rate of 2%. The subscription and expected payment date of the transaction is June 27, 2017. The transaction was approved by the board of directors of the company.