Hanp Inc. (KOSDAQ:A066110) announced a private placement of 10th series unsecured coupon private convertible bonds for gross proceeds of KRW 9,000,000,000 on April 10, 2019. The transaction will include participation from Corporation Wells Investment consultation for KRW 5,000,000,000, The truss ton the asset management corporation for KRW 1,400,000,000, individual investors Lee Taek-soo for KRW 300,000,000, Kim Hyun-ho for KRW 300,000,000, and other investors. The bonds will be issued at par. The bonds are 100% convertible into 4,455,445 common shares at a conversion price of KRW 2,020 per share from April 12, 2020 to March 12, 2022. The bond carries a fixed coupon rate of 2% and yield to maturity of 4% per annum. The bonds will mature on April 12, 2022. The transaction is expected to be close on April 12, 20219. The transaction has been approved by board of directors of the company.