Barunson E&A Corporation (KOSDAQ:A035620) announced a private placement of 18th series unregistered unsecured private convertible bonds for gross proceeds of KRW 4,300,000,000 and 19th series unregistered unsecured private convertible bonds for gross proceeds of KRW 3,100,000,000 for total proceeds of KRW 7,400,000,000 on April 24, 2017. The 18th series unregistered unsecured private convertible bonds involves participation from Winasia VL Private Equity Fund 1. The 18th series unregistered unsecured private convertible bonds are zero coupon, carry a yield to maturity of 4%, and are convertible into shares at a fixed conversion price of KRW 2,795 maturing on April 28, 2021. The 19th series unregistered unsecured private convertible bonds carry a fixed coupon of 2%, a yield to maturity of 4%, and are convertible into shares at a fixed conversion price of KRW 29,500 maturing on April 28, 2022. The conversion ratio is 100%.