PNIcompany.Co.,Ltd. (XKON:A242350) announced a private placement of series 3 registered private convertible debentures for gross proceeds of KRW 1,000,042,000 on May 3, 2019. The transaction will include participation from IBK-Daesung majestic Chiangsu contents Korea investments combination. The bonds will be fully convertible into 147,065 shares at a fixed conversion price of KRW 6,800 from May 7, 2020 to May 5, 2021 and will mature on May 6, 2021. The debenture has a coupon rate of 6%. The transaction is expected to close on May 7, 2019 The transaction was approved by the board of directors.