Oscotec Inc. (KOSDAQ:A039200) announced a private placement of ninth unregistered unsecured coupon unguaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on December 1, 2015. The bonds will mature on December 3, 2018. The bonds will be issued at its par value.

The transaction will include participation from KoFC-AJU Pioneer Champ 2011-8 Venture Fund, a fund managed by Woori Business Establishment Investment Co., Ltd. for KRW 1,500,000,000, OST Growth Contribution 1 Fund for KRW 1,500,000,000, 2014 SongHyun Growth Ladder 2nd Start up Fund, SongHyun Growth Ladder the 1st Fund, and SongHyun Young Entrepreneur the 1st Fund, fund managed by Songhyun Investment Ltd. for KRW 2,000,000,000, KRW 500,000,000 and KRW 500,000,000 respectively. The bonds bear an interest at a fixed rate of 1% per annum and yield to maturity of 2% per annum. The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 5,518 per share.

The conversion period is from December 3, 2016 to November 3, 2018. The bonds have lump-sum redemption of principal on maturity date. The payment date for the transaction is December 3, 2015.