Snu Precision Co Ltd (KOSDAQ:A080000) announced a private placement of 6th registered unguaranteed and unsecured private convertible bonds for gross proceeds of KRW 10,500,000,000 on December 5, 2016. The bonds will carry a fixed coupon rate of 4.6% and will mature on December 9, 2021. The bonds will are 100% convertible into the common shares at a fixed conversion price of KRW 4,315 per share from December 9, 2017 to November 8, 2021.

The bonds will be issued at par to existing investor SFA Engineering Corporation (KOSDAQ:A056190). The transaction is expected to be completed by December 9, 2016.