Insung Information Co., Ltd (KOSDAQ:A033230) announced a private placement of round 4th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on August 31, 2018. The transaction will include participation from Artemis Investment Advisory Co., Ltd. for KRW 1,500,000,000, DB KOSDAQ Venture Hedge Fund 1 for KRW 1,000,000,000, Midas Red Horse Multi Strategy Hedge Fund 1 for KRW 1,000,000,000, C Square Venture Capital Hedge Fund 4 for KRW 700,000,000, C Square Venture Capital Hedge Fund 2 for KRW 400,000,000, C Square Venture Capital Hedge Fund 3 for KRW 200,000,000 and C Square Venture Capital Hedge Fund 6 for KRW 200,000,000. The bonds have a yield to maturity of 3%. The bond will mature on September 4, 2023. The bonds will be fully convertible into shares at a fixed conversion price of KRW 4,110 per share into 1,216,545 common shares at a conversion ratio of 6.35%, between September 4, 2019 and August 4, 2023. The transaction expected close on September 4, 2018. The transaction was approved by the board of directors of the company.