Finotek Co.,Ltd. announced a private placement of series 4 registered coupon private convertible bonds for gross proceeds of KRW 1,000,000,000 on January 19, 2017. The transaction will include participation from IBK Financial Group Future Growth Engine Investment Fund; a fund managed by IBK Capital Corporation. The bonds will be issued at par. The bonds bear fixed annual coupon of 7% and yield to maturity of 1%. The bonds will mature on January 20, 2020. The bonds are fully convertible into common shares of the company at a fixed conversion price of KRW 7,470 per conversion share from January 20, 2018 to December 20, 2019. The payment date of the transaction is January 20, 2017. The transaction has been approved by the board of directors of the company.