Dragonfly GF Co., Ltd (KOSDAQ:A030350) announced a private placement of 15th unregistered coupon unguaranteed unsecured private convertible bonds for gross proceeds of KRW 9,000,000,000 on March 21, 2016. The bonds will be issued at its par value. The transaction will include participation from existing investors, Synergy Partners Co., Ltd. and NH Investment & Securities Co., Ltd., Investment Arm for KRW 6,000,000,000 and KRW 2,000,000,000, and other investors, KTB Network Co., Ltd. and Widwin Investment Co., Ltd. for KRW 500,000,000 each.

The bonds will mature on September 23, 2020 and carry fixed yield to maturity of 1.5%. The bonds carry a zero annual coupon rate and have lump-sum redemption of principal on maturity. The bonds can be fully converted into registered common shares of the company at a fixed conversion price of KRW 6,590 per share from March 23, 2017 to August 23, 2020.

The payment date for the shares is expected on March 23, 2016. The transaction was approved by the board of directors of the company.