Skin n Skin Co., Ltd. (KOSDAQ:A159910) announced a private placement of 9th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 15,000,000,000 on January 11, 2017. The transaction will involve participation from investor, USnDP Limited Liability Partnership. The bonds are issued at par. The bonds have coupon rate of 2% and yield to maturity of 5% and would mature on February 28, 2020. The bonds are fully convertible into 13,940,520 common stock of the company at a fixed conversion price of KRW 1,076 per share between the period of February 28, 2018 to January 28, 2020. The subscription date is January 13, 2017 and the payment date is February 28, 2017. The transaction has been approved by the board of directors of the company.