Josab Water Solutions AB (Publ) (NGM:JOSA) announced a private placement of convertible bonds for gross proceeds of SEK 25,000,000 on December 15, 2017. The bonds carry fixed interest rate of 10% per annum; bonds will be convertible into common shares of the company at a fixed conversion price of SEK 5 per share. The bond will mature on June 30, 2019. The round included participation from Modelio Equity AB (publ), Per Vasilis, Gerhard Dal, Oliver Molse, Rothesay Limited, Göran Månsson, Rosberg & Westermark Invest AB, Marcus Jacobs, Teg & Strom AB, Iraj Arastoupour, and Tomas Askinger. The terms of the bond have been determined based on the market conditions and through book building process. On conversion of bonds the number of shares of the company will increase by 5,000,000 from 67,179,777 to 72,179,111 resulting in acquisition of 6.9% company’s shares. The issuance cost of the bonds was SEK 250,000.