Hitron Systems Inc. (KOSE:A019490) announced a private placement of series 17 registered private convertible bond for gross proceeds of KRW 1,900,000,000 on November 5, 2018. The transaction included participation from existing investor KEB Hana Bank. The bond bears a fixed interest and yield to maturity of 3.913% per annum and matures on December 6, 2019. the bond will be issued at par. The bond is fully convertible into 63,333 shares at a fixed conversion price of KRW 30,000 between November 6, 2019 and December 6, 2019. The subscription date and expected payment date is November 6, 2018. The transaction has been approved by the board of directors of the company.