M-Venture Investment Inc. (KOSDAQ:A019590) announced a private placement of 22nd unregistered coupon unguaranteed unsecured private convertible bonds for gross proceeds of KRW 2,800,000,000 on April 7, 2016. The transaction included participation from existing investor AnaPass Inc. The bonds were issued at par. The bonds have lump-sum redemption of principal on maturity; with a fixed coupon rate of 3% per annum and yield to maturity of 4% annum.

The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 562 per share from April 7, 2017 to March 7, 2019. The bonds will mature on April 7, 2019.