Sapphire Technology Co., Ltd (KOSDAQ:A123260) announced that it will issue 12th series registered coupon unguaranteed private convertible bond for proceeds of KRW 2,500,000,000 on February 13, 2019. The transaction involved participation from existing investor HansolNexG Co., Ltd. The bonds will bear interest of 1% and yield to maturity of 4% and matures on February 13, 2022. The bonds are convertible into 1,329,787 shares representing 5.24% stake at a fixed conversion price of KRW 1,880 per share. The conversion period will start from February 13, 2020 to January 13, 2022. The bond are issued at par. The subscription date and the payment date for bond is February 13, 2019. The transaction has been approved by the board of directors of the company.