Trais Co., Ltd. (KOSDAQ:A052290) announced a private placement of 38th unregistered, unsecured, and unguaranteed private convertible bonds for gross proceeds of KRW 500,000,000 on April 12, 2017. The transaction will involve participation from existing investor, Synopex Inc.(KOSDAQ:A025320).The bonds have zero coupon rate and yield to maturity of 3%. The bonds will mature on April 13, 2020. The bonds are fully convertible into 204,498 common shares of the company at fixed conversion price of KRW 2,445 per share between the period April 13, 2018 to March 13, 2020 .The payment date is April 13, 2017. The transaction has been approved by the board of directors of the company.