KHVATEC Co., Ltd. (KOSDAQ:A060720) announced a private placement of 1st series unregistered and unsecured private convertible bonds for gross proceeds of KRW 15,000,000,000 on June 23, 217. The transaction include participation from Susung Asset Management Co., Ltd. for KRW 1,000,000,000, Shinhan Investment Corp. for KRW 2,000,000,000, BFA Co.,Ltd. for KRW 2,000,000,000, EBEST Investment & Securities Co., Ltd. for KRW 1,000,000,000, Hanyang Securities Co.

Ltd. for KRW 1,000,000,000 and Ace Investment & Finance Co., Ltd. for KRW 1,000,000,000. The bonds carry a fixed coupon rate of 1% and yield to maturity of 5%. The maturity date of bonds is June 27, 2022.

The conversion period starts from June 27, 2018 to May 27, 2022. The Subscription date and payment date is June 27, 2017. The bonds will be convertible into 1,227,797 shares of the company at a fixed conversion price of KRW 12,217 per share.