ELK Corporation (KOSDAQ:A094190) announced a private placement of 11th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 12,000,000,000 on July 5, 2018. The bonds carry coupon rate of 4% and yield to maturity of 5%. The bonds will be fully convertible into 12,539,184 common shares of the company at a fixed conversion price of KRW 957 per share. The bonds will mature on July 7, 2021.