Hitron Systems Inc. (KOSE:A019490) announced a private placement of its series 18 bearer-of-money guarantor private equity convertible bonds for KRW 5,000,000,000 and series 19 unregistered coupon unguaranteed private placement exchangeable bonds for KRW 1,000,000,000, for aggregate proceeds of KRW 6,000,000,000 on April 12, 2019. The series 18 convertible bonds will have a zero coupon and yield to maturity of 2%. They will mature on April 19, 2024. The bonds are 100% convertible into 1,353,179 shares of the company at KRW 3,695 per share. The conversion period starts on April 19, 2020 and ends on March 19, 2024. The series 18 convertible bonds will be subscribed by Meritz Securities Co., Ltd., Investment Arm, Mirae Asset Daewoo Co., Ltd., Investment Arm, Ace Susung New Technology Fund 5, Susung Multi-Mezzanine P1 Hedge Fund and Susung Multi-Mezzanine P2 Hedge Fund, that are funds managed by KB Securities Co., Ltd., Investment Arm, IBKC-GMB New Growth Investment Fund, a fund managed by IBK Capital Corporation and GMB Investment Co., Ltd. The series 19 exchangeable bonds will have a zero coupon and zero yield to maturity. They will mature on April 19, 2024. The bonds are 100% convertible into 270,635 shares of the company at KRW 3,695 per share. The conversion period starts on April 24, 2019 and ends on March 19, 2024. The series 19 bonds will be subscribed by Ace Susung New Technology Fund 3. The subscription date for the both the bonds will be April 16, 2019 and payment date will be April 19, 2019. The transaction was approved by the board of directors of the company.