S&K Polytec Co., Ltd. (KOSDAQ:A091340) announced a private placement of 1st unregistered unguaranteed detachable private bonds for gross proceeds of KRW 10,000,000,000 on May 29, 2013. The bonds have zero coupon and yield to maturity of 2% per annum. The bonds will mature on November 30, 2017.

The subscription and payment date is May 31, 2013. The board of directors have approved the transaction. The company will also issue warrants in the transaction.

The warrants will be 100% exercisable into common shares at an exercise price of KRW 2,883 per share from May 31, 2014 to October 31, 2017. The transaction will involve participation from new investors Lindeman Pan-Asia New Growth Fund, a fund managed by Lindeman Asia Investment Corp. for KRW 7,000,000,000 and Synergy Partners Co., Ltd. for KRW 3,000,000,000.