Hanp Inc. (KOSDAQ:A066110) announced a private placement of 7th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 13,000,000,000 and 8th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on February 21, 2018. The bonds will be issued at par. The 7th series bonds are 100% convertible into 5,012,531 common shares at KRW 1,995 per share at 15.27% convertion rate from March 30, 2019 to February 28, 2021 and 8th series bonds are 100% convertible into common shares at KRW 1,995 per share from February 22, 2019 to January 22, 2021. The bonds carry fixed coupon rate of 1% and yield to maturity of 3% per annum. The bonds will mature on February 22, 2021. The 7th series bonds carry fixed coupon rate of 1% and yield to maturity of 3% per annum and will mature on March 30, 2021. The 8th series bonds carry fixed coupon rate of 1% and yield to maturity of 3% per annum and will mature on February 22, 2021. The transaction will include participation from new investors AB lap for 7th series bonds and new investors Kclavis Meister New Technology Fund 29 and Wealth Invest Co., Ltd for 8th series bonds. The transaction is expected to be completed by March 30, 2018. The transaction has been approved by board of directors of the company.