CNSLink Co., Ltd. (XKON:A245450) announced a private placement of 1st registered coupon secured private convertible bond for gross proceeds of KRW 700,000,000 on June 2, 2017. The transaction will involve participation from new investor, Small & medium Business Corporation. The bonds will be issued at par. The bonds will carry coupon rate of 0.5% and yield to maturity rate of 3%. The bonds will mature on June 9, 2022. The bonds are 100% convertible into 140,000 redeemable convertible preferred stock at a price of KRW 5,000 per stock within the period from June 12, 2018 to June 8, 2022. The expected payment date for the transaction is June 9, 2017 and subscription date is June 7, 2017. The transaction has been approved by the board of the company.