Edia Co., Ltd. (TSE:3935) announced a private placement of 1,488,000 series 1st unsecured convertible bonds at a price of ¥100 per bond for ¥148,800,000 and 88 13th series warrants at ¥29,500 per warrant for ¥2,596,000 for total gross proceeds of ¥151,396,000 on April 12, 2019. The transaction will include participation from new investor Milestone Capital Management Co., Ltd. The bond bears fixed interest rate of 1% and will be redeemed prior to the maturity date. The bonds will redeemed on May 6, 2021 for a total of ¥100. The warrants are convertible into 880,000 shares. Each warrant is exercisable at ¥469 per share from May 6, 2019 to May 6, 2021. The securities will be issued through third party allotment. The transaction has been approved by board of directors of the company. The company expects to close the transaction on May 7, 2019.