Telefield Inc. (KOSDAQ:A091440) announced a private placement of second unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 8,000,000,000 on May 11, 2018. The transaction will include participation from new Korea Securities Finance Corporation for KRW 1,500,000,000, Samsung Securities Co.,Ltd. for KRW 1,000,000,000, KB Securities Co., Ltd. for KRW 500,000,000, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 400,000,000, Focus Investment Co., Ltd. for KRW 2,000,000,000, ValueSystem Investment Management for KRW 1,000,000,000, and Billionfold Asset Management Inc. for KRW 1,000,000,000. The bonds bear zero coupon and will mature on May 15, 2023.

The bonds are 100% convertible into 1,621,621 common shares of the company at a fixed conversion price of KRW 5,550 per share. The conversion period will start on May 15, 2018 and will end on April 15, 2023. The bonds will be issued at par.

The subscription and payment date is May 15, 2018. The board of directors of the company approved the transaction.