Modacom Co., Ltd. (KOSDAQ:A149940) ) announced a private placement of 7th convertible bonds for gross proceeds of KRW 10,000,000,000 on August 26, 2016. The bonds will bear a fixed coupon rate of 5% per annum and yield to maturity of 5% per annum. The bonds are convertible into common shares at a fixed conversion price of KRW 11,740 per share. The conversion period will start on August 29, 2017 and will end on July 29, 2019. The transaction will include participation from Gongpyeong Sejong, Hyundai Savings Bank Co.,Ltd., and Sinbad Investment.