Samil Co.,Ltd. (KOSDAQ:A032280) announced that it expects to receive KRW 3,000,000,000 in a round of funding on April 1, 2014. The company will issue fifth unregistered/unsecured private convertible bonds in the transaction. The bonds will mature on April 4, 2017. The bonds bear interest at the rate of 5% per annum and yield to maturity of 5% per annum. The bonds are convertible into common shares of the company at KRW 1,980 per share. The conversion period is from April 4, 2015 to March 4, 2017.

On April 4, 2014, Samil Co.,Ltd. closed the transaction.