Fusiondata Co.,Ltd (KOSDAQ:A195440) announced a private placement of series 7 private equity convertible bonds for the gross proceeds of KRW 6,000,000,000 on November 7, 2019. The transaction will include participation from Fusion Consortium 1. The bonds have a coupon rate of 4%. The bonds will mature on November 11, 2022. The bonds are convertible into 12,000,000 common shares at a price of KRW 500 per share. The conversion of bonds starts on November 11, 2020 and ends on October 11, 2022. The transaction is approved by the board of directors of the company. The transaction is expected to close on November 11, 2019.