ESV Inc. (KOSDAQ:A223310) announced a private placement of 5th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 10,000,000,000 on July 3, 2018. The bonds will carry a coupon of 2% per annum and will have a yield to maturity of 3%. The bonds will be fully convertible into 9,487,666 common shares of the company at a fixed conversion price of KRW 1,054 per share from August 14, 2019 to July 14, 2021. The bonds will mature on August 14, 2021. The transaction is expected to close on August 14, 2018. The transaction was approved by the board of directors of the company. The transaction will include participation from sole new investor Hanil First Hedge Fund 2.