Wonpung Mulsan Co.,Ltd (KOSDAQ:A008290) announced a private placement of 20th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 9,500,000,000 on September 5, 2018. The bonds do not carry any coupon and yield to maturity is 0%. The bonds will mature on September 07, 2021.

The bonds are 100% convertible at fixed conversion price of KRW 4,109 per share into 2,311,998 shares. The conversion period will start on September 07, 2019 and will end on August 07, 2021. The subscription date and the payment date is September 07, 2018.

The transaction will include participation from Hanyang Securities Co. Ltd. (KOSE:A001750) for KRW 3,500,000,000, Korea Securities Finance Corporation, Investment Arm for KRW 4,000,000,000, and existing investor MAGNA Investment Inc. for KRW 2,000,000,000. The transaction has been approved by the board of directors of the company.