Kukil Paper Mfg. Co.,Ltd. (KOSDAQ:A078130) announced a private placement of fourth unregistered unguaranteed private placement convertible bonds of gross proceeds of KRW 3 billion on May 5, 2017. The bonds are fully convertible into 6,818,181 common shares at a fixed price of KRW 440 per share from May 26, 2018 to April 26, 2020. The bonds would mature on May 26, 2020. The bonds do not carry any coupon have a yield to maturity is 3%.