Oscotec Inc. (KOSE:A039200) announced a private placement of series 6 bonds for gross proceeds of KRW 4,000,000,000 on April 26, 2012. The company will also issue warrants exercisable at KRW 2,823 per share from April 30, 2013 to March 30, 2015. The bonds carry a coupon rate of 3% and a yield to maturity of 7.1%. The transaction is expected to close by April 30, 2012.