MELFAS Inc. (KOSDAQ:A096640) announced a private placement of 3rd series unregistered coupon unguaranteed private convertible bonds for proceeds of KRW 2,000,000,000 and 2nd series unregistered coupon unguaranteed private convertible bonds for proceeds of KRW 10,000,000,000 on April 30, 2018. The transaction will include participation from Shinhan-Ulmus Fund 1 for KRW 10,000,000,000, Korea Asset Classic VIM Private Equity Fund 1 for KRW 1,000,000,000, and Korea Asset Classic KOSDAQ Venture Private Equity Investment Hedge Fund for KRW 800,000,000. The 3rd series bond carriers an annual coupon rate of 3% and yield to maturity of 5.5% and the 2nd series bonds carriers an annual coupon rate of 2.5% and yield to maturity of 5%. The bonds will mature on May 4, 2023. The 3rd series bonds will be convertible into 491,883 common shares at a conversion price of KRW 4,066 per share and 2nd series bonds will be convertible into 2,459,419 shares at a conversion price of KRW 4,066 per share from May 4, 2019 to April 4, 2023. The subscription date of the transaction is May 3, 2018 and the payment date is May 4, 2018. The transaction has been approved by the board of directors of the company.