Jaeyoung Solutec Co., Ltd. (KOSDAQ:A049630) announced a private placement of tenth domestic unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 5,000,000,000 on January 25, 2018. The bonds will be issued at par. The bonds bear coupon at the fixed rate of 8% per annum and carry yield to maturity of 8% per annum. The bonds will mature on January 26, 2020. The bonds are 100% convertible into 1,866,368 common shares at a fixed price of KRW 2,679 per share from January 26, 2019 to January 25, 2020. The transaction will include sole participation from existing investor KSA Investment Limited Company. The transaction was approved by the board of directors of the company. The transaction is expected to close on January 26, 2018.