Dongnam Marine Crane Co., Ltd. (KOSDAQ:A101000) announced a private placement of 4th series unregistered/unsecured convertible bonds for KRW 4,000,000,000 on January 6, 2017. The bonds are convertible into common shares of the company at a fixed conversion price of KRW 2,355 per share. The bonds carry zero coupon and a fixed 4% yield to maturity. The bonds will be convertible from January 9, 2018 to December 9, 2019.