Wonpung Mulsan Co. Ltd. (KOSDAQ:A008290) announced a private placement of 18th unregistered unsecured coupon unguaranteed private convertible bonds for gross proceeds of KRW 6,500,000,000 on November 17, 2015. The bonds will be issued at par.

The bonds will carry zero coupon rate and yield to maturity of 1.5%. The bonds will mature on November 19, 2019. There will be 100% conversion of bonds at fixed conversion price of KRW 7,788 per share.

The conversion period will start on November 19, 2016 and end on October 19, 2019. The transaction will include participation from new investors, KDB Capital Corp. for KRW 3,000,000,000, YM Investment for KRW 2,000,000,000, IBK Capital Corporation for KRW 1,000,000,000, and Shinhan Capital, Investment Arm for KRW 500,000,000.

The subscription date and the payment date for the transaction is November 19, 2015. The transaction has been approved by the board of directors of the company. The bonds will be redeemed at lump sum on the maturity date.