Anterogen Co.,Ltd. (KOSDAQ:A065660) announced a private placement of series 1 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on September 26, 2017. The transaction will include participation from new investors, SLi Quantum Growth Fund, Qualcomm-Company K Mobile Ecosystem Winwin Fund and Company K Future Growth Fund, funds managed by Company K Partners Limited for KRW 6,000,000,000, KRW 2,000,000,000, KRW 500,000,000, and KRW 1,500,000,000. The bonds do not carry any interest coupon or yield to maturity.

The bonds will mature on September 29, 2020. The bonds are fully convertible into 486,121 common shares of the company at a conversion price of KRW 20,571 per share. The conversion period of the bonds will be from September 29, 2018 to August 29, 2020.

The transaction was approved by the board of directors of the company. The payment date for the bonds is expected on September 29, 2017.