Toptec HNS Co., Ltd. announced that it has issued series 1 registered unguaranteed unsecured private convertible bond for KRW 10,000,000,000 and series 2 registered unguaranteed unsecured private convertible bond for KRW 10,000,000,000; for an aggregate gross proceeds of KRW 20,000,000,000 on March 29, 2019. The transaction included participation from Pantos Holdings Inc. for series 1, and Hyunseung Lee, Hyunchang Lee, CJW Global Co., Ltd., Seokho Jung, Yoonmin Park, Seungpil Park for KRW 1,000,000,000 each, Youngsam Seo for KRW 400,000,000, Haksun Im, Juhwan Kim for KRW 800,000,000 each, TrueSAM Co., Ltd., Nakhyun Kang for KRW 500,000,000 each, Hyunyoung Jung, Eunji Seo, Hyeji Seo, Kijae Kang, for KRW 200,000,000 each, Mihee Kim , and Sooyong Kim for KRW 100,000,000 each for series 2. The series 1 and series 2 bonds will have no coupon rate and 1% yield to maturity. The series 1 and series 2 bonds will mature on March 29, 2022. The series 1 and series 2 bonds are fully convertible into 1,250,000 shares of the company at a conversion price of KRW 8,000 per share each. The shares represent 4.11% stake of the company. The conversion period for series 1 and series 2 bonds will start from March 29, 2020 and will end on February 28, 2022. The transaction has been approved by the board of directors of the company.