Finetechnix Co.,Ltd. (KOSDAQ:A106240) announced a private placement of 5th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 6,500,000,000 on November 15, 2017. The transaction will involve participation from new investors Aju Savings Bank, Investment Arm for KRW 2,000,000,000, Midas Jeoktoma Multi-Strategy Hedge Fund 1 for KRW 1,500,000,000, Hana Financial Investment Co., Ltd., Investment Arm and IBK Capital Corporation for KRW 1,000,000,000 each and other new and existing investors. The bonds will not carry any coupon and will have a yield to maturity of 1.5%. The bonds will mature on November 17, 2022. The bonds will be fully convertible into 2,292,768 shares of the company at a fixed conversion price of KRW 2,835 per share between November 17, 2018 and October 17, 2022. The bonds will be issued on par. The subscription and payment date for the bonds is November 17, 2017. The transaction has been approved by the board of directors of the company.