Aplus Asset Advisor Co., Ltd. announced a private placement of second unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,000,000,000 on October 12, 2016. The bonds will be issued at par. The bonds carry fixed coupon rate of 1.5% and yield to maturity of 4% per annum. The bonds mature on October 13, 2021. The bonds are 100% convertible into registered common stock of the company at KRW 8,620 per share from October 13, 2017 to September 13, 2021. The transaction will include participation from a new investor, Dongbu Life Insurance Co., Ltd. The transaction has been approved by board of directors of the company. The subscription and payment date is October 13, 2016.