Hanp Inc. (KOSDAQ:A066110) announced a private placement of 9th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 8,000,000,000 on January 30, 2019. The transaction will include participation from Shinan Savings and Finance Co., Ltd. The bonds will be issued at par. The bonds are 100% convertible into 5,460,750 common shares at a conversion price of KRW 1,465 per share from January 31, 2020 to December 31, 2021. The bond carries a fixed coupon rate of 3% and yield to maturity of 5% per annum. The bonds will mature on January 31, 2022. The transaction is expected to be close on January 31, 20219. The transaction has been approved by board of directors of the company.