Finotek Co., Ltd. (XKON:A150440) announced a private placement of round 6th registered coupon private convertible bonds for gross proceeds of KRW 500,000,000 on December 28, 2017. The transaction will include participation from ICT Convergence Fund, a fund managed by Timewise Investment Co., Ltd. The bond carries coupon rate of 1% and yield to maturity is 7%. The bond will mature on March 22, 2020. The subscription and payment date for the bonds are December 28, 2017 respectively. The bonds will be fully convertible into 71,376 common shares at a fixed conversion price of KRW 6,970 per share between December 28, 2018 and March 21, 2020. The transaction was approved by board of directors.