SillaJen, Inc. (KOSDAQ:A215600) announced a private placement of 30th round unregistered unguaranteed private convertible bonds for gross proceeds of KRW 110,000,000,000 on March 19, 2019. The bonds carry coupon rate of 1% and yield to maturity of 3%. The bonds have maturity date of March 21, 2024. The bonds are convertible into common shares of the company at a conversion price of KRW 70,111 per share for a period from March 21, 2020 to February 21, 2024. The subscription and payment date is March 21, 2019. The transaction was approved by the board of directors.