M-Venture Investment Inc. (KOSDAQ:A019590) announced a private placement of 21st unregistered unsecured private convertible bonds for gross proceeds of KRW 6,800,000,000 on October 27, 2015. The bonds are issued at its par value. The transaction included participation from Aon Real Estate Limited Liability Company, existing investor, ASAM Investment Advisory Company Limited, Moon, Sung-Won, Medicare Soft Co., Ltd., Moon, Suk-Rok, Kang, Jung-Eun, Kim, Hwan-Gyoon, Kim, Myoung-Joon, and Koh, Jung-Il for KRW 5,000,000,000, KRW 500,000,000, KRW 300,000,000, KRW 200,000,000, KRW 200,000,000, KRW 200,000,000, KRW 200,000,000, KRW 100,000,000, and KRW 100,000,000 respectively.

The bonds will mature on October 27, 2018 with yield to maturity of 4%, fixed annual coupon of 3%, and lump-sum redemption of principal on maturity date. The bonds carry a 100% conversion rate to common shares of the company at a fixed conversion price of KRW 773 per share and a conversion period from October 27, 2016 to September 27, 2018. The transaction was approved by the board of directors of the company.