S-Energy Co.,Ltd. announced that it expects to receive KRW 10 billion in funding from HisStory Investment Management, Hanyang Securities Co. Ltd., Shinhan Investment Corp., Eugene Investment & Securities Co., Ltd.

S-Energy Co., Ltd. (KOSDAQ:A095910) announced a private placement of 3rd series unregistered and unsecured private convertible bonds for gross proceeds of KRW 10,000,000,000 on June 26, 2017. The transaction include participation from the investors, HisStory Investment Management will invest KRW 1,000,000,000, Hanyang Securities Co. Ltd. (KOSE:A001750) will invest KRW 1,000,000,000, Shinhan Investment Corp.

will invest KRW 2,000,000,000, Eugene investment & Securities Co., Ltd. will invest KRW 5,000,000,000, and Congnitive Fund 1 will invest 1,000,000,000. The of 3rd series unregistered and unsecured private convertible bonds will be 100% convertible into common shares at a conversion price of KRW 39,370 from June 28, 2018 to May 28, 2022. The bonds will have zero coupon rate and yield to maturity of zero percent.

The bonds will mature on June 28, 2022. The payment date is June 28, 2017. The transaction has been approved by the board of directors of the company.