KSIGN Co., Ltd. (KOSDAQ:A192250) announced a private placement of second unregistered/unsecured coupon unguaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on October 5, 2016. The transaction will include participation from 13 investors, including Brain KS Private Fund 6 for KRW 9,500,000,000, Korea Omega Venture Fund 1 for KRW 2,000,000,000, and Global ICT Convergence Fund; a fund managed by DSC Investment for KRW 1,000,000,000. The bonds will be issued at par.

The bonds will mature on October 6, 2019. The bonds do not carry any annual coupon and yield to maturity. The bonds can be fully converted into common shares of the company at a fixed conversion price of KRW 2,503 from October 6, 2017 to September 6, 2019.

The subscription and the payment date of the transaction is October 6, 2016. The transaction has been approved by the board of directors of the company.