Advanced Digital Chips Inc. (KOSDAQ:A054630) announced a private placement of third unregistered coupon unguaranteed convertible bonds for gross proceeds of KRW 3,000,000,000 on June 20, 2016. The bonds will carry a fixed coupon rate of 2%, yield to maturity of 4%, and are convertible into common shares at KRW 2,530 per share in the period dated June 22, 2017 to May 22, 2016. The bonds will mature on June 22, 2019. The transaction will involve participation from Sungjo Yand for KRW 1,000,000,000, Hyunsoo Mok for KRW 1,000,000,000, Sungjun Kim for KRW 400,000,000, Sangtoung Lee for KRW 400,000,000, and Ilyoon Hwang for KRW 200,000,000. The bonds will be issued at par. The payment date is June 22, 2016.