niiio finance group AG (XTRA:NIIN) announced a private placement of 5,000,000 non-subordinated and unsecured mandatory convertible bond at a price of €1 per bond for gross proceeds of €5,000,000 on April 29, 2021. The bonds will be issued at par. The bonds will mature in 2026. The bonds carry a coupon rate of 4% per annum. The convertible shares will initially be offered to the existing shareholders of the company under their statutory subscription right for subscription and takeover in a ratio of 5: 1 to subscription offered, i.e. five no-par value shares in the company entitle the holder to purchase one bond. The conversion price of the bonds is €1.5.