FISCO Ltd. (JASDAQ:3807) announced a private placement of first series unsecured convertible bonds with subscription warrants for gross proceeds of ¥1,000,000,000 on August 31, 2018. The transaction is expected to close on September 18, 2018. The bonds will be convertible from September 18, 2018 to September 17, 2020. The bonds will carry an interest rate of 0.7%. The transaction will include participation from Digital Asset Fund L.P., backed by Sequedge Japan Holdings Inc., for ¥600,000,000, and Jitsugyo no Nihon Sha, Ltd., for ¥400,000,000.