HLB Co., Ltd. (KOSDAQ:A028300) announced a private placement of its series 27 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on January 26, 2018. The bonds are issued at par value and will be subscribed by Namu Fund 8. The bonds will mature on February 5, 2021. The bonds will have a yield to maturity rate of 1% and do not carry an interest rate. The bonds will be 100% convertible into 103,833 common shares at a fixed conversion price of KRW 48,154 per share from February 8, 2018 to January 5, 2021. The subscription date of the deal will be January 30, 2018, whereas the payment date will be February 5, 2018. The transaction was approved by the board of directors of the company.