Nuriplan Co., Ltd. (KOSDAQ:A069140) announced a private placement of 3rd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on February 21, 2018. The transaction will include participation from new investors A ONE Asset Management Co., Ltd. for gross proceeds of KRW 1,500,000,000, IBK Asset Management Co.,Ltd. for gross proceeds of KRW 1,000,000,000, Susung Asset Management Co., Ltd. for gross proceeds of KRW 500,000,000, Ace Susung New Technology Fund 3 for gross proceeds of KRW 1,000,000,000, and KTB Investment & Securities Co., Ltd. for gross proceeds of KRW 1,000,000,000. The transaction has been approved by the board of directors of the company.

The bonds have yield to maturity of 3% and would mature on February 23, 2022. The bonds are fully convertible into 939,319 shares of the company at a fixed conversion price of KRW 5,323 between a period of February 23, 2019 to January 23, 2022. The subscription date and payment date is February 23, 2018.