Cosmo Chemical Co., Ltd. (KOSE:A005420) announced a private placement of series 3 unregistered unsecured convertible bonds for gross proceeds of KRW 10 billion on December 26, 2014. The bonds will mature on December 29, 2018, will have a yield to maturity of 6%, and have a coupon rate of 3%, lump-sum redemption of principal on maturity date. The bonds will be convertible into common shares at KRW 5,000 per share, and have a conversion period from December 29, 2015 to November 29, 2018.

The transaction will involve participation from new investors KDB Capital Corporation, Investment Arm and Han Kook Capital Co. Ltd., which will invest KRW 5,000,000,000 each in the transaction. The payment date for the transaction is December 29, 2014.