Phoenix Materials Co., Ltd. (KOSDAQ:A050090) announced a private placement of fourth registered/unsecured private convertible bonds with existing investor, KDB Private Equity for gross proceeds of KRW 9,000,000,000 on July 4, 2014. The bonds have a fixed maturity date of July 4, 2017, yield to maturity of 6.50% and bear a fixed annual coupon of 3%. The bonds will have lump-sum redemption of principal on maturity date for the bonds. The bonds have a fixed conversion price of KRW 1,300 per share. The bonds will have a 100% conversion rate and the conversion period will start from July 5, 2014 and end on July 3, 2017.

On July 4, 2014, Phoenix Materials Co., Ltd. closed the transaction.