Worldex Industry & Trading Co., Ltd. (KOSDAQ:A101160) announced a private placement of first unsecured private convertible bonds for gross proceeds of KRW 3,000,000,000 on August 18, 2014. The transaction included participation from KDB Private Equity. The bonds will carry coupon rate of 2% per annum and will have a yield to maturity of 4.91%, with lump-sum redemption of principal on maturity date for the bonds. The bonds will mature on August 18, 2017. The bonds will have a 100% conversion into common shares at KRW 2,722 per share. The conversion period will be from August 18, 2015 to August 17, 2017.

On August 18, 2014, Worldex Industry & Trading Co., Ltd. closed the transaction.