Samil Co.,Ltd. (KOSDAQ:A032280) announced that it expects to receive KRW 3,000,000,000 in a round of funding on April 1, 2014. The company will issue fifth unregistered/unsecured private convertible bonds in the transaction. The bonds will mature on April 4, 2017.

The bonds bear interest at the rate of 5% per annum and yield to maturity of 5% per annum. The bonds are convertible into common shares of the company at KRW 1,980 per share. The conversion period is from April 4, 2015 to March 4, 2017.