NSN Co., Ltd. (KOSDAQ:A031860) announced a private placement of 17th series unregistered unguaranteed coupon private convertible bond for gross proceeds of KRW 36,000,000,000 on January 29, 2019. The transaction include participation from new investor HMV Korea Inc. for proceeds of KRW 1,000,000,000, Jay Fund 1 for proceeds of KRW 10,050,000,000, Jay Fund 1 for proceeds of KRW 7,820,000,000, and Deopureum Fund 2 for proceeds of KRW 3,500,000,000. The bond will mature on February 28, 2022. The bond will carry a fixed coupon rate of 1% and yield to maturity of 3%. The bonds are issued at par and will be convertible into the common shares of the company at a fixed conversion price of KRW 2,250 per share from February 28, 2020 to January 28, 2022. The subscription date and payment date is expected on January 31, 2019 and February 28, 2019 respectively. The transaction was approved by the board of directors of the company.