Omnitel, Inc. (KOSDAQ:A057680) announced a private placement of 7th unregistered/unsecured convertible bonds for gross proceeds of KRW 10,000,000,000 on January 23, 2017. The transaction include participation from Mirae Fintech Fund 1. The bonds will have a yield to maturity of 3%, and an annual coupon rate of 1% per annum. The bonds will be convertible into common shares of the company at a rate of 100% and at a fixed conversion price of KRW 3,159 per share from February 20, 2018 to January 20, 2022.