ANYGEN Co.,Ltd (KOSDAQ:A196300) announced a private placement of 2nd series registered and unsecured private convertible bonds for gross proceeds of KRW 15,000,000,000 on June 5, 2018. The transaction will include participation from Atinum Growth Fund 2018, a fund managed by Atinum Investment Co., Ltd. (KOSDAQ:A021080) and Kiwoom Securities M&A Strategy Startup Venture PEF, a fund managed by Kiwoom Securities Co., Ltd., Investment Arm. The securities issued at par value.

The bonds carry a coupon rate of 0% and yield to maturity of 1%. The bonds are fully convertible into common shares at a fixed conversion price of KRW 19,246 and will mature on June 8, 2023. The conversion will start on June 8, 2019 and end on May 9, 2023.

The transaction is expected to close on June 8, 2018. The board of directors of the company approved the transaction.