Hitron Systems Inc. (KOSE:A019490) announced a private placement of its series 20 unregistered coupon unguaranteed private convertible bonds for KRW 1,450,000,000 on June 25, 2019. The series 18 convertible bonds will have a coupon rate and yield to maturity of 3.913%. The bonds will mature on June 26, 2022. The bonds are 100% convertible into 48,333 shares of the company at KRW 30,000 per share. The conversion period starts on June 26, 2020 and ends on June 25, 2022. The transaction will include participation from returning investor KEB Hana Bank for 1,450,000,000 shares. The transaction has been approved by the board of directors of the company. The transaction is expected to close on June 26, 2019.