MediPal Holdings Corporation (TSE:7459) announced a private placement of 2022 due Euro-Yen convertible bonds with warrants for gross proceeds of ¥30,000,000,000 on September 21, 2017. The company will issue 3,000 warrants in this transaction. The warrants are exercisable into common shares from October 24, 2017 to September 23, 2022. The bonds are 100% redeemable into common shares on its maturity, October 7, 2022. The transaction is expected to be completed by October 10, 2017. The transaction has been approved by board of directors of the company.