Heerim Architects & Planners Co., Ltd. (KOSDAQ:A037440) announced a private placement of 4th series unregistered unsecured private convertible bonds for gross proceeds of KRW 9,000,000,000 from Korea Development Bank with coupon rate of 1% and yield to maturity of 4.9% on June 28, 2017. The payment date of the bonds is June 30, 2017. The bonds will mature on June 30, 2020. Bonds will be converted from June 30, 2018 to June 23, 2020 with rate of KRW 5,104 per share. The transaction has been approved by board of directors.