Pepees S.A. (WSE:PPS) announced a private placement of no more than 2,000 series AZ convertible bonds on May 14, 2018. The bonds carry a nominal value of PLN 10,000 each. Each bond will enable to acquire 10,000 of company's series C shares at issue price of PLN 1 per bond. Each bond will bear 5% interest per annum. The transaction was approved by the shareholders of the company.