Nuriplan Co., Ltd. (KOSDAQ:A069140) announced that it will issue unregistered zero coupon unguaranteed private convertible bond for gross proceeds of KRW 2 billion on June 12, 2019. The bonds have a yield to maturity of 4%. The bonds will mature on June 14, 2013.

The bonds are fully convertible into 326,743 common shares at a price KRW 6,121 per share. The conversion period begins on June 14, 2020 and end on May 14, 2023. the transaction has been approved by the board of directors of the company.

The transaction is expected to close on June 14, 2019. The transaction will include participation from the funds of returning investors KB Securities Co.,Ltd for KRW 1 billion and Samsung Securities Co.,Ltd. (KOSE:A016360) for KRW 1 billion.