TegoScience Inc. (KOSDAQ:A191420) announced a private placement of second series registered unsecured unguaranteed private convertible bonds for gross proceeds of KRW 1,000,000,000 on June 27, 2016. The bonds will be issued at its par value. The transaction will include participation from new investor, KB Exceptional Technology Company Investment Fund. The bonds will mature on June 29, 2019. The bonds will not any interest and will have a yield to maturity of 1%. The lump-sum redemption amount will be payable on maturity date. The bonds will be 100% convertible into common shares at a price of KRW 34,708 per share from June 29, 2017 to June 28, 2019. The subscription and the payment date for the bonds are expected on June 29, 2016. The transaction has been approved by the board of directors of the company.