EnGIS Technologies, Inc. (KOSDAQ:A208860) announced a private placement of 7th series unregistered convertible bonds for gross proceeds of KRW 1,500,000,000 on October 8, 2018. The transaction will include participation from Kakao Mobility. The bonds do not carry any coupon and carry 3% yield to maturity. The bonds can be 100% converted into 48,036 common shares of the company at a fixed conversion price of KRW 31,226 per share. The conversion period is from October 12, 2019 to September 12, 2021. The bonds will mature on October 12, 2021. The subscription and payment date of the transaction is October 12, 2018.