Xavis Co., Ltd. (XKON:A230400) announced a private placement of 3rd series registered unguaranteed private convertible bonds for the gross proceeds of KRW 320,000,000 on August 22, 2018. The transaction will include participation from individual investor Kiyoung Cho and Hyungil Lee for KRW 100,000,000, Heesoo Choi and Heewon Choi for KRW 25,000,000, Kwangsuk Chae, Miae Jang, and Sunghyun Kim for KRW 20,000,000 and Hanjoon Park for KRW 10,000,000. The bonds will be issued at par. The bonds do not carry any coupon and have yield to maturity of 3.5%. The bonds will mature on August 22, 2021. The subscription and payment date for the bonds is August 23, 2018. The bonds are 100% convertible into 75,973 common shares of the company at a fixed conversion price of KRW 4,212 per share. The conversion period of the bonds is from August 23, 2019 to August 21, 2021. The transaction has been approved by the board of directors of the company.