Dongbu Lightec Co., Ltd. (KOSDAQ:A045890) announced a private placement of fifth unregistered/unsecured coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,000,000,000 on June 15, 2016. The bonds will be issued at par. The bonds will carry fixed interest rate and yield to maturity of 3% per annum. The bonds will mature on June 17, 2020. The bonds will be 100% convertible into common shares of the company at a fixed conversion price of KRW 2,190 per share from June 17, 2017 to May 17, 2020. GB Synergy Mezzanine Private Fund will subscribe bonds for KRW 1,000,000,000 and GB Synergy Mezzanine Specialty Investment Private Fund for KRW 3,000,000,000. The subscription and payment date is June 17, 2016. The board of directors of the company approved the transaction.