CammSys Corp. (KOSDAQ:A050110) announced a private placement of 8th unregistered unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on October 18, 2016. The bonds will be issued at par. The transaction will include participation from new investors Pine Asia Asset Management Inc. for KRW 4,000,000,000 and Hyundai Asset Management Co., Ltd. for KRW 6,000,000,000. The zero coupon bonds will mature on October 20, 2021 and have yield to maturity of 0%. The bonds are 100% convertible into common shares of the company at KRW 2,745 per share from October 20, 2017 to September 20, 2021. Subscription date and payment date for the transaction is October 20, 2016. The transaction has been approved by board of directors of the company.