Nepes Corporation (KOSDAQ:A033640) announced a private placement of 1st unregistered coupon unguaranteed non-detachable bonds for gross proceeds of KRW 15,000,000,000 on December 19, 2016. The transaction will include participation from new investors, Samsung Securities Co. Ltd. for KRW 6,000,000,000, NH Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. for KRW 500,000,000, Mirae Asset Daewoo Co., Ltd. for KRW 500,000,000, Samsung Securities Co. Ltd. for KRW 4,000,000,000, and Shinhan Investment Corp., Investment Arm for KRW 3,000,000,000. The bonds do not bear any interest and would mature on December 20, 2021. The company will also issue warrants in the transaction and they will be exercised into common shares at an exercise price of 7,844 between the period of December 20, 2017 to November 20, 2021. The subscription and the payment date of the transaction is December 20, 2016. The transaction has been approved by the board of directors of the company.