MAXROTEC Co., Ltd. (KOSDAQ:A141070) announced a private placement of the first unregistered/unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on December 16, 2014. The bonds will have yield to maturity of 3.5% per annum, an annual coupon of 0%, and will mature on December 18, 2018. The bonds are redeemable in lump sum on its maturity and can be converted into shares of the company at KRW 4,175 per share from December 18, 2015 to November 18, 2018. The transaction will involve participation from Eugene investment & Securities Co., Ltd., Investment Arm, which will invest KRW 2,000,000,000, and With Investment Co., Ltd. and Shinhan Capital Co., Ltd., which will invest KRW 1,500,000,000 each in the transaction.

On December 18, 2014, MAXROTEC Co., Ltd. closed the transaction.