KB Metal Co., Ltd. (KOSDAQ:A024840) announced a private placement of 2nd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 15,000,000,000 on July 21, 2017. The transaction will involve participation from new investors including Synergy Asset Management Co., Ltd. for KRW 4,400,000,000, PineAsia A1 Season V Grand Prix Private Investment Hedge Fund [Bond Balanced] and PineAsia A1 Season V Mezzanine Private Investment Hedge Fund A-1,KB-1,KB-2,KB-3,KB-4,S-1,SY-1 [Bond Balanced] for KRW 2,100,000,000, Shinhan Capital Co., Ltd. for KRW 2,000,000,000 and other investors. The bonds will be fully convertible into 4,890,772 common shares of the company at a fixed conversion price of KRW 3,067 per share between July 25, 2018 and June 25, 2022. The bonds will mature on July 25, 2022. The subscription and payment date for the bonds is July 25, 2017. The transaction has been approved by the board of directors of the company.