Synopex Inc. (KOSDAQ:A025320) announced a private placement of 20th round unregistered unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on June 29, 2017. The transaction included participation from KDB Korea Development Bank for KRW 10,000,000,000. The bonds carry coupon rate of 1% and yield to maturity of 4.3%. The bonds have maturity date of June 30, 2020. The bonds are convertible into 5,144,032 common shares of the company at a conversion price of KRW 1,944 per share for a period from June 30, 2018 to June 29, 2020. The conversion rate is 100%.