Oscotec Inc. (KOSDAQ:A039200) announced a private placement of eighth unregistered/unsecured private convertible bonds for gross proceeds of KRW 2,000,000,000 on January 8, 2015. The transaction will include participation from Synergy Partners Co., Ltd. The bonds will mature on January 9, 2019. The yield to maturity on zero-coupon bonds is 3.5%.

The principal amount of bonds has lump-sum redemption on maturity. The bonds are convertible into shares of the company at 100% conversion rate of KRW 1,916 per share from January 9, 2016 to December 9, 2018.