Xavis Co., Ltd. (XKON:A230400) announced a private placement of 4th unregistered unguaranteed private convertible bonds for the gross proceeds of KRW 2,000,000,000 and 5th unregistered unguaranteed private convertible bonds for the gross proceeds of KRW 1,000,000,000 for an aggregate proceeds of 3,000,000,000 on September 5, 2018. The transaction will include participation from IBK Securities Co., Ltd. and KB Securities Co., Ltd. The bonds will be issued at par. The bonds do not carry any coupon and have yield to maturity of 5.7% for 4th series bonds and 3.5% for 5th series bonds. The bonds will mature on July 6, 2021. The subscription and payment date for the bonds is September 6, 2018. The bonds are 100% convertible into 408,163 common shares of the company at a fixed conversion price of KRW 4,900 per share for 4th series bonds and 237,416 common shares of the company at a fixed conversion price of KRW 4,212 per share for 5th series bonds. The conversion period of the bonds is from September 6, 2019 to June 6, 2021. The transaction has been approved by the board of directors of the company.