Barunson E&A Corporation (KOSDAQ:A035620) announced a private placement of 16th unregistered collateralized unsecured private convertible bonds with NEXON Korea Corporation for gross proceeds of KRW 5,000,000,000 on April 14, 2016. The zero-coupon bonds will mature on April 15, 2019, with lump-sum redemption of principal on maturity date for the bonds, and yield to maturity of 2%. The bonds will be convertible into common shares of the company at a rate of 100% and at a fixed conversion price of KRW 2,890 per share for a conversion period starting from April 15, 2017 to March 15, 2019.

The securities will be issued at its par value. The company will also issue warrants in the transaction.