KOAS Corp. (KOSE:A071950) announced a private placement of series no 2 bonds for gross proceeds of KRW 3,000,000,000 on April 30, 2012. The bonds will carry a coupon rate of 3% and yield to maturity of 6.5%. The bonds will mature on May 2, 2015. The company will also issue detachable warrants at an exercise price of KRW 1,517 per warrant. The exercise period will be from May 2, 2013 to Apr 2, 2015. The subscription date and payment date will be May 2, 2012. On May 2, 2012, KOAS Corp. closed the transaction.