JICO Co. Ltd. (KOSE:A010580) announced a private placement of 26th private secured convertible bonds for gross proceeds of KRW 20,000,000,000 on September 23, 2019. The transaction will include participation from H Asset Management Co Ltd. The bonds will mature on October 21, 2022. The bonds will carry a fixed coupon rate of 4% and fixed yield to maturity of 4%. The bonds will be 100% convertible into 23,014,959 registered common shares at a fixed conversion price of KRW 987 per share. The subscription date of bonds is September 23, 2019 and the payment date is October 31, 2019. The transaction has been approved by the board of directors of the company. The bonds are being issued at par. The conversion period of the bond will start from October 31, 2020 till September 30, 2022.