Jaanh, Inc. (KOSDAQ:A221610) announced a private placement of 3rd series non guaranteed coupon guarantees private convertible bonds for gross proceeds of KRW 7,000,000,000 on June 4, 2020. The transaction will include participation from new investor, SC Lowy Financial (HK) Limited. The bonds will carry an interest rate of 7% and yield to maturity of 7%. The bonds will mature on June 05, 2023. The bonds will be fully convertible into 12,544,802 shares of the company at a fixed conversion price of KRW 558 per share between the period of June 5, 2021 to May 5, 2023. The transaction has been approved by the board of directors of the company. The subscription date is June 4, 2020 and the payment date is June 5, 2020.