PNIcompany.Co.,Ltd. (XKON:A242350) announced a private placement of series 2 registered private convertible debentures for gross proceeds of KRW 1,000,000,000 on April 11, 2019. The transaction will include participation from Small Business Corporation. The bonds will be fully convertible into 147,058 shares at a fixed conversion price of KRW 6,800 from April 16, 2020 to April 15, 2024 and will mature on April 16, 2024. The bonds will carry a coupon rate of 0.5% and yield to maturity of 3%. The transaction is expected to close on April 15, 2019. The transaction was approved by the board of directors of the company.